Gildan Activewear (TSE:GIL) Hits New 52-Week High – Should You Buy?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) hit a new 52-week high on Monday . The company traded as high as C$73.56 and last traded at C$73.25, with a volume of 15813 shares trading hands. The stock had previously closed at C$73.42.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GIL shares. UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. National Bankshares raised their price objective on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$57.20.

Gildan Activewear Stock Up 1.4 %

The business has a 50-day simple moving average of C$69.33 and a 200-day simple moving average of C$63.80. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The company has a market cap of C$12.12 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$1.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$1.16. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. During the same period in the prior year, the company earned $0.99 earnings per share. On average, equities analysts anticipate that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is presently 33.94%.

Insider Activity at Gildan Activewear

In related news, Senior Officer Benito Masi sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total value of C$693,102.00. Also, Director Michener Chandlee purchased 736 shares of the business’s stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of C$67.83 per share, for a total transaction of C$49,920.57. 2.26% of the stock is currently owned by corporate insiders.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.