Gildan Activewear Inc. (GIL) To Go Ex-Dividend on March 12th

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) declared a quarterly dividend on Wednesday, March 12th, TickerTech Dividends reports. Investors of record on Monday, April 7th will be given a dividend of 0.226 per share on Monday, April 7th. This represents a $0.90 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a 10.2% increase from Gildan Activewear’s previous quarterly dividend of $0.21.

Gildan Activewear Trading Down 1.1 %

TSE GIL opened at C$71.17 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 firm has a market cap of C$7.73 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 4.55 and a beta of 1.64. The firm has a 50 day simple moving average of C$72.70 and a 200-day simple moving average of C$67.87. Gildan Activewear 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 announced its earnings results 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 previous year, the business earned $0.75 earnings per share. Equities research analysts anticipate that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. National Bankshares lifted their price objective on 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. Desjardins raised their target price 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. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$68.50.

Insider Transactions at Gildan Activewear

In related news, Senior Officer Michael Schroeder sold 4,184 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of C$74.31, for a total transaction of C$310,923.50. Following the completion of the transaction, the insider now owns 51 shares in the company, valued at C$3,789.94. This trade represents a 98.80 % decrease in their position. Also, Senior Officer Rhodri Harries sold 100,000 shares of Gildan Activewear stock in a transaction on Thursday, February 27th. The shares were sold at an average price of C$78.08, for a total value of C$7,808,000.00. Over the last three months, insiders sold 118,483 shares of company stock worth $9,147,454. 2.26% of the stock is owned by insiders.

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.