Gildan Activewear (TSE:GIL) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL's share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$68.18 and traded as low as C$55.73. Gildan Activewear shares last traded at C$56.41, with a volume of 499,970 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GIL. UBS Group upgraded shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Desjardins increased their price objective 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, National Bankshares lowered their target price on Gildan Activewear from C$83.00 to C$72.00 in a research note on Monday. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Gildan Activewear has a consensus rating of "Buy" and a consensus price target of C$65.75.

Gildan Activewear Stock Performance

The company's fifty day moving average is C$66.05 and its 200 day moving average is C$68.00. 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 market capitalization of C$6.28 billion, a P/E ratio of 15.51, a P/E/G ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last announced its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, beating the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. During the same period in the previous year, the firm earned $0.75 earnings per share. As a group, equities analysts anticipate that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, April 7th were given a dividend of $0.226 per share. The ex-dividend date was Wednesday, March 12th. This is a boost from Gildan Activewear's previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a dividend yield of 1.56%. Gildan Activewear's dividend payout ratio is currently 29.76%.

Insider Transactions at Gildan Activewear

In other Gildan Activewear news, Senior Officer John Maness sold 1,661 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$68.77, for a total value of C$114,234.28. Also, Senior Officer Rhodri Harries sold 100,000 shares of the firm's stock in a transaction dated 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 ninety days, insiders have sold 110,144 shares of company stock valued at $8,568,586. 2.26% of the stock is currently owned by corporate 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.