Shares of Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$68.36 and traded as low as C$66.40. Gildan Activewear shares last traded at C$66.75, with a volume of 250,165 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have commented on GIL shares. National Bankshares raised their price objective 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. 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 report on Wednesday, September 25th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Gildan Activewear has a consensus rating of "Buy" and a consensus price target of C$57.20.
Check Out Our Latest Research Report on GIL
Gildan Activewear Stock Performance
The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 72.52. The company has a market cap of C$10.98 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a 50 day moving average price of C$68.35 and a 200-day moving average price of C$61.76.
Gildan Activewear Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Thursday, November 21st. Gildan Activewear's dividend payout ratio is 33.94%.
Insider Activity at Gildan Activewear
In other Gildan Activewear news, Director Michener Chandlee acquired 736 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of C$67.83 per share, for a total transaction of C$49,920.57. Also, Senior Officer Benito Masi sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total transaction of C$693,102.00. 2.26% of the stock is owned by insiders.
About Gildan Activewear
(
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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.
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