Gildan Activewear (TSE:GIL) Reaches New 1-Year High – Time to Buy?

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) reached a new 52-week high during trading on Thursday . The stock traded as high as C$76.20 and last traded at C$74.66, with a volume of 94222 shares changing hands. The stock had previously closed at C$75.13.

Analysts Set New Price Targets

A number of research firms have recently commented on GIL. UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. National Bankshares boosted their price target on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$57.20.

Gildan Activewear Trading Down 1.6 %

The business has a fifty day moving average price of C$70.16 and a two-hundred day moving average price of C$65.01. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 72.52. The firm has a market capitalization of C$11.89 billion, a PE ratio of 22.35, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a $0.205 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.82 annualized dividend and a dividend yield of 1.12%. Gildan Activewear’s dividend payout ratio is currently 33.94%.

Insider Buying and Selling

In other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of Gildan Activewear stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total value of C$693,102.00. 2.26% of the stock is currently owned by corporate insiders.

About Gildan Activewear

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.