Insider Selling: Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells 1,661 Shares of Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer John Maness sold 1,661 shares of the firm’s stock in a transaction on 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

GIL traded up C$0.05 on Friday, reaching C$66.38. The company had a trading volume of 35,826 shares, compared to its average volume of 355,781. The company has a market capitalization of C$7.21 billion, a P/E ratio of 17.80, a PEG ratio of 4.55 and a beta of 1.64. 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 company has a fifty day moving average of C$72.84 and a 200-day moving average of C$68.04. Gildan Activewear Inc. has a one year low of C$44.23 and a one year high of C$79.11.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported C$0.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the firm earned $0.75 earnings per share. As a group, 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. Stockholders of record on Monday, April 7th will be issued a $0.226 dividend. This is a positive change 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 annualized dividend and a dividend yield of 1.36%. Gildan Activewear’s dividend payout ratio is 29.76%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GIL. Desjardins increased their price target on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, February 20th. National Bankshares boosted their target price on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$68.50.

About Gildan Activewear

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.