Gildan Activewear (TSE:GIL) Hits New 12-Month Low – What’s Next?

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) hit a new 52-week low on Tuesday . The company traded as low as C$64.93 and last traded at C$65.35, with a volume of 22664 shares trading hands. The stock had previously closed at C$65.98.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GIL. Desjardins set a C$108.00 price objective on shares of Gildan Activewear and gave the company a “buy” rating in a research report on Tuesday, July 28th. National Bank Financial increased their price objective on Gildan Activewear from C$105.00 to C$107.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Gildan Activewear currently has a consensus rating of “Moderate Buy” and a consensus price target of C$89.50.

Gildan Activewear Trading Down 0.6%

The firm has a market cap of C$12.15 billion, a P/E ratio of 128.63, a PEG ratio of 4.55 and a beta of 1.44. The company has a 50 day moving average of C$74.73 and a 200 day moving average of C$78.21. The company has a debt-to-equity ratio of 145.29, a quick ratio of 0.87 and a current ratio of 1.93.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Thursday, July 30th. The company reported C$1.82 EPS for the quarter. The firm had revenue of C$1.13 billion for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. Analysts predict that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 14th were paid a dividend of $0.249 per share. The ex-dividend date was Thursday, August 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Gildan Activewear’s dividend payout ratio is 186.27%.

Insider Buying and Selling at Gildan Activewear

In related news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of Gildan Activewear stock in a transaction on Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total value of C$607,440.00. Following the completion of the sale, the insider owned 2,243 shares of the company’s stock, valued at approximately C$170,310.99. The trade was a 78.10% decrease in their position. Corporate insiders own 2.26% of the company’s stock.

Gildan Activewear Company Profile

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.