Gildan Activewear Inc. (TSE:GIL) Plans Quarterly Dividend of $0.25

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) announced a quarterly dividend on Thursday, August 20th, TickerTech Dividends reports. Shareholders of record on Monday, September 14th will be paid a dividend of 0.249 per share on Monday, September 14th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 20th.

Gildan Activewear Trading Down 1.5%

GIL opened at C$77.53 on Tuesday. The firm’s 50 day moving average is C$76.00 and its 200-day moving average is C$81.39. Gildan Activewear has a 52-week low of C$65.15 and a 52-week high of C$100.44. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 145.29. The firm has a market capitalization of C$14.36 billion, a P/E ratio of 152.02, a P/E/G ratio of 4.55 and a beta of 1.51.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share for the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. The business had revenue of C$1.13 billion during the quarter. Analysts expect that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GIL. National Bank Financial upped their price objective on shares of Gildan Activewear from C$105.00 to C$107.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Desjardins set a C$108.00 target price on Gildan Activewear and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$89.50.

About Gildan Activewear

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.