Gildan Activewear Inc. (TSE:GIL) Announces $0.23 Quarterly Dividend

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) declared a quarterly dividend on Wednesday, November 19th, TickerTech Dividends reports. Investors of record on Monday, December 15th will be paid a dividend of 0.226 per share on Monday, December 15th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, November 19th.

Gildan Activewear Stock Up 1.8%

Shares of TSE:GIL opened at C$82.25 on Monday. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The firm has a market cap of C$12.26 billion, a P/E ratio of 26.45, a P/E/G ratio of 4.55 and a beta of 1.32. Gildan Activewear has a 12 month low of C$52.77 and a 12 month high of C$87.13. The company’s 50-day moving average price is C$81.07 and its two-hundred day moving average price is C$73.59.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Wednesday, October 29th. The company reported C$0.80 earnings per share (EPS) for the quarter. The company had revenue of C$1.27 billion for the quarter. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. As a group, research analysts forecast that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Analysts Set New Price Targets

GIL has been the topic of a number of recent research reports. TD Securities increased their price objective on Gildan Activewear from C$73.00 to C$74.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Royal Bank Of Canada raised Gildan Activewear to a “moderate buy” rating in a research note on Tuesday, August 5th. Cfra Research raised Gildan Activewear to a “hold” rating in a report on Monday, August 4th. Citigroup lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and raised their target price for the company from C$60.00 to C$63.00 in a research note on Monday, October 20th. Finally, National Bankshares boosted their price target on shares of Gildan Activewear from C$91.00 to C$92.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear has an average rating of “Buy” and an average target price of C$77.25.

Gildan Activewear Company Profile

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.