Shares of Gildan Activewear Inc. (TSE:GIL – Get Free Report) (NYSE:GIL) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$77.37 and traded as high as C$78.20. Gildan Activewear shares last traded at C$76.73, with a volume of 552,749 shares changing hands.
Analyst Upgrades and Downgrades
Separately, National Bank Financial raised their target price on Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$88.00.
Check Out Our Latest Report on Gildan Activewear
Gildan Activewear Stock Performance
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.60 earnings per share for the quarter. The company had revenue of C$1.62 billion during the quarter. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. Analysts expect that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current fiscal year.
Gildan Activewear Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is presently 54.85%.
Insider Activity
In other Gildan Activewear news, Director Deepak Kumar Khandelwal purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of C$79.80 per share, with a total value of C$399,000.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at C$399,000. This represents a ∞ increase in their position. 2.26% of the stock is owned by corporate insiders.
Gildan Activewear Company Profile
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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