Insider Selling: Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells 100,000 Shares of Stock

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL Senior Officer Rhodri Harries sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of C$78.08, for a total transaction of C$7,808,000.00.

Gildan Activewear Stock Down 1.8 %

Shares of TSE:GIL traded down C$1.37 during midday trading on Monday, hitting C$76.78. 249,724 shares of the stock were exchanged, compared to its average volume of 333,436. The company has a market capitalization of C$8.34 billion, a PE ratio of 20.59, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a 52-week low of C$44.23 and a 52-week 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 business's fifty day simple moving average is C$72.29 and its two-hundred day simple moving average is C$67.44.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last issued its quarterly earnings data 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 net margin of 13.05% and a return on equity of 23.10%. During the same quarter last year, the firm earned $0.75 EPS. As a group, research analysts predict that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current fiscal year.

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Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, April 7th will be paid a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.18%. 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 payout ratio is presently 29.76%.

Analysts Set New Price Targets

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