Michael Schroeder Sells 4,299 Shares of Gildan Activewear Inc. (TSE:GIL) Stock

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL Senior Officer Michael Schroeder sold 4,299 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total value of C$335,428.68.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock traded down C$1.37 during trading on Monday, reaching C$76.78. The company's stock had a trading volume of 249,724 shares, compared to its average volume of 333,436. 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 debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The firm has a market cap of C$8.34 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The business's fifty day moving average price is C$72.29 and its 200-day moving average price is C$67.44.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last issued its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share (EPS) 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 quarter last year, the business earned $0.75 EPS. As a group, equities research analysts predict that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, April 7th will be paid a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 1.18%. This is a positive change 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%.

Analyst Upgrades and Downgrades

GIL has been the subject of a number of analyst reports. Desjardins boosted their price target on Gildan Activewear from C$82.00 to C$87.00 and gave the stock a "buy" rating in a research 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 stock an "outperform" rating in a research note on Thursday, February 20th. Finally, UBS Group upgraded 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price 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.