Gildan Activewear Inc. (TSE:GIL) Director Acquires C$49,920.57 in Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Director Michener Chandlee acquired 736 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of C$67.83 per share, with a total value of C$49,920.57.

Michener Chandlee also recently made the following trade(s):

• On Thursday, August 8th, Michener Chandlee purchased 1,196 shares of Gildan Activewear stock. The shares were acquired at an average cost of C$40.85 per share, with a total value of C$48,856.60.

Gildan Activewear Trading Up 0.5 %

Shares of TSE GIL opened at C$68.53 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. The business has a fifty day simple moving average of C$64.12 and a two-hundred day simple moving average of C$56.15. The firm has a market cap of C$11.14 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a twelve month low of C$41.32 and a twelve month high of C$70.15.

Gildan Activewear Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is presently 33.94%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GIL shares. 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. Citigroup raised their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. TD Securities raised their price target on Gildan Activewear from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. National Bankshares raised their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets raised Gildan Activewear to a “strong-buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.