Gildan Activewear Inc. (TSE:GIL) Senior Officer John Maness Sells 1,661 Shares

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL Senior Officer John Maness sold 1,661 shares of the 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.

Gildan Activewear Stock Performance

Shares of GIL stock traded down C$0.55 during trading on Tuesday, reaching C$66.30. The company had a trading volume of 381,998 shares, compared to its average volume of 368,151. The firm's 50 day simple moving average is C$72.81 and its two-hundred day simple moving average is C$68.32. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. Gildan Activewear Inc. has a one year low of C$44.23 and a one year high of C$79.11. The company has a market capitalization of C$7.20 billion, a PE ratio of 17.78, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last released its earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the company posted $0.75 EPS. Sell-side analysts forecast that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

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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 dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Wednesday, March 12th. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.21. Gildan Activewear's dividend payout ratio (DPR) is presently 29.76%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GIL shares. Desjardins increased their price objective on Gildan Activewear from C$82.00 to C$87.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. National Bankshares raised their price target on Gildan Activewear from C$78.00 to C$83.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, UBS Group raised Gildan Activewear from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 10th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus 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.