Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells C$335,428.68 in Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Michael Schroeder sold 4,299 shares of Gildan Activewear stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of C$78.02, for a total transaction of C$335,428.68.

Gildan Activewear Price Performance

GIL opened at C$78.15 on Friday. The firm’s fifty day moving average price is C$72.09 and its two-hundred day moving average price is C$67.13. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. The company has a market capitalization of C$8.49 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a 1 year low of C$44.23 and a 1 year high of C$79.11.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued 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 net margin of 13.05% and a return on equity of 23.10%. During the same period in the prior year, the company posted $0.75 EPS. As a group, analysts anticipate that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The business 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 an increase from Gildan Activewear’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, March 12th. Gildan Activewear’s payout ratio is 29.76%.

Analyst Ratings Changes

Several analysts recently issued reports on GIL shares. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. National Bankshares lifted their price target on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Desjardins lifted their price objective on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.