Gildan Activewear Inc (TSE:GIL) Given New C$30.00 Price Target at BMO Capital Markets

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) had its target price reduced by BMO Capital Markets from C$34.00 to C$30.00 in a research note released on Friday, November 3rd. They currently have a market perform rating on the stock.

A number of other research firms have also weighed in on GIL. National Bank Financial upped their price target on shares of Gildan Activewear from C$41.00 to C$42.00 and gave the stock a sector perform rating in a research report on Friday, November 3rd. TD Securities downgraded shares of Gildan Activewear from a buy rating to a hold rating and set a C$41.50 target price on the stock. in a report on Friday, August 4th. Canaccord Genuity downgraded shares of Gildan Activewear from a buy rating to a hold rating in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada downgraded shares of Gildan Activewear from an outperform rating to a sector perform rating and set a C$40.00 price target on the stock. in a research note on Wednesday, July 12th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of C$39.58.

Shares of Gildan Activewear (TSE:GIL) opened at C$38.41 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. Investors of record on Thursday, November 16th will be given a $0.121 dividend. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, November 15th. Gildan Activewear’s dividend payout ratio (DPR) is presently 16.83%.

In related news, insider Jonathan Roiter sold 14,500 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of C$37.53, for a total value of C$544,185.00.

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.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

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