Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells C$114,234.28 in Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer John Maness sold 1,661 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$68.77, for a total value of C$114,234.28.

Gildan Activewear Stock Performance

TSE GIL opened at C$66.84 on Friday. The stock has a market capitalization of C$7.26 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a twelve month low of C$44.23 and a twelve month high of C$79.11. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The stock has a 50-day moving average of C$72.82 and a 200 day moving average of C$68.18.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the business posted $0.75 earnings per share. Sell-side analysts anticipate that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, April 7th will be issued a $0.226 dividend. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a yield of 1.35%. Gildan Activewear’s dividend payout ratio is presently 29.76%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. National Bankshares upped their target price on Gildan Activewear from C$78.00 to C$83.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Desjardins upped their target price on Gildan Activewear from C$82.00 to C$87.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Finally, UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$68.50.

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.