Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells C$1,119,222.00 in Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Rhodri Harries sold 28,698 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$39.00, for a total value of C$1,119,222.00.

Gildan Activewear Price Performance

TSE:GIL opened at C$51.62 on Monday. The company has a debt-to-equity ratio of 64.76, a current ratio of 2.38 and a quick ratio of 0.87. The company has a 50 day moving average price of C$49.09 and a 200-day moving average price of C$47.18. Gildan Activewear Inc. has a 1-year low of C$36.42 and a 1-year high of C$53.74. The firm has a market cap of C$8.70 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 3.54 and a beta of 1.63.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Wednesday, May 1st. The company reported C$0.80 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.08. Gildan Activewear had a net margin of 16.14% and a return on equity of 26.88%. The company had revenue of C$938.04 million during the quarter, compared to analysts’ expectations of C$956.47 million. Equities research analysts forecast that Gildan Activewear Inc. will post 4.0599002 EPS for the current year.

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be issued a $0.277 dividend. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.28. This represents a $1.11 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, May 22nd. Gildan Activewear’s dividend payout ratio (DPR) is presently 28.04%.

Analyst Upgrades and Downgrades

GIL has been the subject of several research reports. National Bankshares decreased their price objective on shares of Gildan Activewear from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Royal Bank of Canada boosted their target price on shares of Gildan Activewear from C$39.00 to C$41.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, Desjardins increased their price target on Gildan Activewear from C$53.00 to C$55.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average price target of C$46.80.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.