Gildan Activewear Inc. (TSE:GIL) Senior Officer Rhodri Harries Sells 32,500 Shares

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL Senior Officer Rhodri Harries sold 32,500 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$61.20, for a total value of C$1,989,000.00.

Gildan Activewear Stock Up 1.2 %

Shares of TSE:GIL traded up C$0.75 during trading on Monday, hitting C$61.92. The stock had a trading volume of 434,026 shares, compared to its average volume of 344,167. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. Gildan Activewear Inc. has a 12 month low of C$36.42 and a 12 month high of C$62.07. The company has a market capitalization of C$10.07 billion, a PE ratio of 18.88, a PEG ratio of 4.55 and a beta of 1.65. The firm's fifty day moving average is C$56.87 and its 200 day moving average is C$51.86.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last announced its quarterly earnings data on Thursday, August 1st. The company reported C$1.01 EPS for the quarter, beating the consensus estimate of C$0.99 by C$0.02. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. The business had revenue of C$1.18 billion during the quarter, compared to analyst estimates of C$1.17 billion. Analysts anticipate that Gildan Activewear Inc. will post 4.5683346 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.12 annualized dividend and a yield of 1.81%. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.28. Gildan Activewear's payout ratio is presently 34.15%.

Analyst Upgrades and Downgrades

GIL has been the topic of several recent analyst reports. National Bankshares raised their target price on shares of Gildan Activewear from C$57.00 to C$58.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. TD Securities boosted their price objective on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. BMO Capital Markets upgraded shares of Gildan Activewear to a "strong-buy" rating in a report on Friday, August 2nd. Finally, Desjardins raised their target price on Gildan Activewear from C$63.00 to C$67.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$54.00.

Gildan Activewear Company Profile

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.