Insider Selling: Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells 15,000 Shares of Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Jason De Haan sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of C$69.35, for a total transaction of C$1,040,179.14.

Jason De Haan also recently made the following trade(s):

• On Thursday, August 15th, Jason De Haan sold 19,105 shares of Gildan Activewear stock. The stock was sold at an average price of C$42.05, for a total value of C$803,365.25.

Gildan Activewear Price Performance

Shares of GIL stock opened at C$68.93 on Thursday. The company has a market capitalization of C$11.21 billion, a P/E ratio of 21.08, a P/E/G ratio of 4.55 and a beta of 1.64. The company’s 50-day simple moving average is C$63.78 and its two-hundred day simple moving average is C$55.94. Gildan Activewear Inc. has a one year low of C$41.32 and a one year high of C$70.15. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87.

Gildan Activewear Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.82 annualized dividend and a yield of 1.19%. Gildan Activewear’s dividend payout ratio (DPR) is currently 33.94%.

Wall Street Analyst Weigh In

Several brokerages have commented on GIL. National Bankshares raised their price objective on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets raised Gildan Activewear to a “strong-buy” rating in a research note on Friday, August 2nd. TD Securities lifted their price target on Gildan Activewear from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Citigroup upped their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, Desjardins raised their price target on Gildan Activewear from C$63.00 to C$67.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Gildan Activewear has a consensus rating of “Buy” and a consensus price target of C$57.20.

Gildan Activewear Company Profile

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.