Gildan Activewear (GIL) Price Target Raised to C$46.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective increased by Citigroup from C$43.00 to C$46.00 in a report released on Monday morning.

Separately, Desjardins raised shares of Gildan Activewear from a hold rating to a buy rating in a research note on Friday, November 2nd.

Shares of TSE:GIL opened at C$44.54 on Monday. Gildan Activewear has a 52 week low of C$33.03 and a 52 week high of C$44.55. The company has a debt-to-equity ratio of 44.73, a current ratio of 4.94 and a quick ratio of 1.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be paid a $0.112 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.01%. Gildan Activewear’s payout ratio is currently 26.66%.

In other Gildan Activewear news, Director Michael Hoffman sold 31,878 shares of Gildan Activewear stock in a transaction on Friday, November 2nd. The shares were sold at an average price of C$41.00, for a total value of C$1,306,998.00. Also, Director Maryse Bertrand acquired 1,200 shares of the company’s stock in a transaction on Wednesday, November 21st. The stock was acquired at an average cost of C$41.40 per share, with a total value of C$49,680.00. Insiders sold a total of 77,482 shares of company stock valued at $3,139,662 over the last three months.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

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