Gildan Activewear Inc. (TSE:GIL) Senior Officer John Maness Sells 1,661 Shares

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

Gildan Activewear Price Performance

Shares of GIL opened at C$66.84 on Monday. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The company has a market capitalization of C$7.26 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a fifty-two week low of C$44.23 and a fifty-two week high of C$79.11. The firm has a 50-day simple moving average of C$72.82 and a 200-day simple moving average of C$68.25.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, beating 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 earned $0.75 earnings per share. On average, equities research analysts anticipate that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, April 7th will be given a $0.226 dividend. 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%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.21. Gildan Activewear’s dividend payout ratio (DPR) is presently 29.76%.

Wall Street Analyst Weigh In

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