Gildan Activewear Inc (GIL) Price Target Raised to C$42.00

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) had its target price boosted by National Bank Financial from C$41.00 to C$42.00 in a research note released on Friday morning. The brokerage currently has a sector perform rating on the stock.

GIL has been the subject of a number of other research reports. Royal Bank Of Canada downgraded Gildan Activewear from an outperform rating to a sector perform rating and set a C$40.00 price target for the company. in a research report on Wednesday, July 12th. Canaccord Genuity cut Gildan Activewear from a buy rating to a hold rating in a research note on Thursday, July 13th. TD Securities cut Gildan Activewear from a buy rating to a hold rating and set a C$41.50 price objective on the stock. in a research note on Friday, August 4th. Finally, BMO Capital Markets reiterated an outperform rating and set a C$34.00 price objective on shares of Gildan Activewear in a research note on Friday, August 4th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Gildan Activewear presently has a consensus rating of Hold and a consensus target price of C$39.58.

Gildan Activewear (TSE GIL) opened at C$37.03 on Friday. Gildan Activewear has a 12-month low of C$30.97 and a 12-month high of C$42.18.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.121 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.09.

In related news, insider Jonathan Roiter sold 14,500 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of C$37.53, for a total value of C$544,185.00. Also, Director George Jason Heller purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of C$38.58 per share, for a total transaction of C$96,450.00. In the last quarter, insiders have sold 227,300 shares of company stock worth $8,567,256.

Gildan Activewear Company Profile

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

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