Gildan Activewear (TSE:GIL) Insider Sells C$607,440.00 in Stock

Gildan Activewear Inc. (TSE:GILGet Free Report) (NYSE:GIL) insider Maria Andrea Pirie Woodbridge sold 8,000 shares of Gildan Activewear stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of C$75.93, for a total transaction of C$607,440.00. Following the completion of the transaction, the insider directly owned 2,243 shares in the company, valued at C$170,310.99. This represents a 78.10% decrease in their position.

Gildan Activewear Price Performance

TSE GIL opened at C$73.81 on Monday. The company has a debt-to-equity ratio of 145.29, a current ratio of 1.93 and a quick ratio of 0.87. The company’s 50 day simple moving average is C$75.50 and its 200 day simple moving average is C$80.35. Gildan Activewear Inc. has a 12 month low of C$65.15 and a 12 month high of C$100.44. The company has a market capitalization of C$13.67 billion, a P/E ratio of 144.73, a PEG ratio of 4.55 and a beta of 1.51.

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

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 14th will be given a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 20th. Gildan Activewear’s dividend payout ratio is 186.27%.

Wall Street Analyst Weigh In

GIL has been the topic of a number of recent research reports. National Bank Financial lifted their target price on Gildan Activewear from C$105.00 to C$107.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Desjardins set a C$108.00 target price on Gildan Activewear and gave the company a “buy” rating in a 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$89.50.

Check Out Our Latest Research Report on Gildan Activewear

About Gildan Activewear

(Get Free Report)

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.

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