Gildan Activewear (TSE:GIL) PT Lowered to C$23.00 at National Bank Financial

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target lowered by National Bank Financial from C$42.00 to C$23.00 in a research report report published on Tuesday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Gildan Activewear’s Q4 2020 earnings at $0.52 EPS, Q1 2021 earnings at $0.28 EPS, Q3 2021 earnings at $0.77 EPS and Q4 2021 earnings at $0.61 EPS.

GIL has been the topic of a number of other research reports. Bank of America lowered their price objective on Gildan Activewear from C$30.00 to C$17.75 in a research note on Wednesday, March 18th. Desjardins restated a buy rating on shares of Gildan Activewear in a research note on Saturday, November 30th.

Shares of TSE GIL opened at C$18.14 on Tuesday. The firm has a market cap of $2.92 billion and a P/E ratio of 14.28. The company has a current ratio of 3.59, a quick ratio of 1.03 and a debt-to-equity ratio of 52.78. Gildan Activewear has a 1-year low of C$13.64 and a 1-year high of C$53.33. The business’s 50 day moving average is C$30.04 and its 200-day moving average is C$37.52.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.154 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Wednesday, March 11th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.13. Gildan Activewear’s dividend payout ratio (DPR) is 42.20%.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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