Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells C$310,923.50 in Stock

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL Senior Officer Michael Schroeder sold 4,184 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of C$74.31, for a total value of C$310,923.50. Following the completion of the transaction, the insider now directly owns 51 shares of the company's stock, valued at approximately C$3,789.94. This trade represents a 98.80 % decrease in their ownership of the stock.

Michael Schroeder also recently made the following trade(s):

• On Tuesday, February 25th, Michael Schroeder sold 4,299 shares of Gildan Activewear stock. The stock was sold at an average price of C$78.02, for a total value of C$335,428.68.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock traded down C$0.77 during trading on Friday, reaching C$71.17. The company's stock had a trading volume of 348,481 shares, compared to its average volume of 343,569. The stock has a 50-day moving average price of C$72.70 and a two-hundred day moving average price of C$67.80. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. Gildan Activewear Inc. has a one year low of C$44.23 and a one year high of C$79.11. The stock has a market capitalization of C$7.73 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last released its quarterly 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 in the previous year, the business earned $0.75 earnings per share. As a group, sell-side analysts anticipate that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

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Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, April 7th will be issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Gildan Activewear's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, March 12th. Gildan Activewear's payout ratio is currently 29.76%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Desjardins lifted 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. National Bankshares lifted their price objective on Gildan Activewear from C$78.00 to C$83.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, UBS Group raised Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Gildan Activewear presently has a consensus rating of "Buy" and an average price target of C$68.50.

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.