Insider Selling: Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells 15,000 Shares of Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Benito Masi sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of C$68.66, for a total value of C$1,029,840.00.

Gildan Activewear Price Performance

Shares of GIL stock opened at C$68.86 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. Gildan Activewear Inc. has a twelve month low of C$47.12 and a twelve month high of C$79.11. The company has a market cap of C$7.48 billion, a P/E ratio of 18.46, a P/E/G ratio of 4.55 and a beta of 1.64. The business has a fifty day simple moving average of C$62.27 and a 200 day simple moving average of C$67.82.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. During the same period in the prior year, the firm earned $0.75 earnings per share. On average, sell-side analysts forecast that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be given a dividend of $0.226 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.31%. Gildan Activewear’s dividend payout ratio (DPR) is 29.76%.

Wall Street Analyst Weigh In

GIL has been the topic of several recent analyst reports. National Bankshares lowered their price target on Gildan Activewear from C$83.00 to C$72.00 in a research report on Monday, April 21st. Desjardins reduced their price target on Gildan Activewear from C$87.00 to C$80.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, Barclays upgraded Gildan Activewear to a “strong-buy” rating in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$64.00.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.