Key Points
- Director buying: Deepak Kumar Khandelwal bought 5,000 shares of Gildan Activewear at C$79.80 each, a transaction worth C$399,000. He now directly owns 5,000 shares of the company.
- Recent earnings and dividend: Gildan reported quarterly EPS of C$0.60 on revenue of C$1.62 billion and announced a quarterly dividend of $0.249 per share, or $1.00 annualized, yielding about 1.3%.
- Analyst sentiment: Analysts currently rate the stock a Moderate Buy with a consensus price target of C$88.00. Recent target increases from National Bank Financial, TD Securities, and Desjardins suggest continued optimism.
Gildan Activewear Inc. (TSE:GIL - Get Free Report) (NYSE:GIL) Director Deepak Kumar Khandelwal bought 5,000 shares of the business's stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of C$79.80 per share, with a total value of C$399,000.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at C$399,000. This trade represents a ∞ increase in their ownership of the stock.
Gildan Activewear Price Performance
Gildan Activewear stock opened at C$78.87 on Tuesday. The company has a debt-to-equity ratio of 147.07, a current ratio of 2.35 and a quick ratio of 0.87. The company has a market capitalization of C$14.61 billion, a PE ratio of 46.67, a price-to-earnings-growth ratio of 4.55 and a beta of 1.62. Gildan Activewear Inc. has a one year low of C$62.80 and a one year high of C$100.44. The business has a 50 day simple moving average of C$80.97 and a 200 day simple moving average of C$84.80.
Gildan Activewear (TSE:GIL - Get Free Report) (NYSE:GIL) last posted its earnings results on Thursday, April 30th. The company reported C$0.60 EPS for the quarter. The business had revenue of C$1.62 billion during the quarter. Gildan Activewear had a return on equity of 10.08% and a net margin of 6.14%. On average, sell-side analysts forecast that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.
Gildan Activewear Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear's dividend payout ratio (DPR) is 54.85%.
Analysts Set New Price Targets
GIL has been the subject of several analyst reports. National Bank Financial raised their target price on Gildan Activewear from C$100.00 to C$101.00 and gave the stock an "outperform" rating in a research report on Friday, May 1st. TD Securities raised their price target on Gildan Activewear from C$77.00 to C$80.00 and gave the company a "buy" rating in a report on Friday, February 27th. Finally, Desjardins raised their price target on Gildan Activewear from C$95.00 to C$108.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Gildan Activewear currently has an average rating of "Moderate Buy" and a consensus price target of C$88.00.
View Our Latest Research Report on GIL
About Gildan Activewear
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
