Gildan Activewear (TSE:GIL) Stock Price Up 7.2% – Still a Buy?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s share price was up 7.2% during mid-day trading on Friday . The stock traded as high as C$78.65 and last traded at C$78.65. 477,690 shares changed hands during trading, a decline of 22% from the average session volume of 610,396 shares. The stock had previously closed at C$73.37.

Analyst Ratings Changes

A number of equities analysts have weighed in on GIL shares. National Bank Financial upped their price objective on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Desjardins set a C$108.00 target price on Gildan Activewear and gave the stock a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Gildan Activewear has a consensus rating of “Moderate Buy” and a consensus price target of C$88.00.

Gildan Activewear Stock Up 7.0%

The stock has a market capitalization of C$14.54 billion, a price-to-earnings ratio of 46.47, a PEG ratio of 4.55 and a beta of 1.50. The firm’s fifty day moving average is C$76.52 and its 200-day moving average is C$82.21. The company has a debt-to-equity ratio of 147.07, a current ratio of 2.35 and a quick ratio of 0.87.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$1.82 earnings per share for the quarter. The company had revenue of C$1.13 billion during the quarter. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. On average, sell-side analysts predict that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is 54.85%.

Insider Buying and Selling

In other news, Director Deepak Kumar Khandelwal acquired 5,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of C$79.80 per share, with a total value of C$399,000.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at C$399,000. This represents a ∞ increase in their ownership of the stock. Company insiders own 2.26% of the company’s stock.

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.