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

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Michael Schroeder sold 4,299 shares of Gildan Activewear stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total transaction of C$335,428.68.

Gildan Activewear Stock Up 0.6 %

GIL opened at C$78.15 on Friday. 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 stock has a market capitalization of C$8.49 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The business’s 50-day simple moving average is C$72.09 and its 200-day simple moving average is C$67.21.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, topping 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. Analysts anticipate that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.

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 given a $0.226 dividend. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.90 annualized dividend and a yield of 1.16%. Gildan Activewear’s dividend payout ratio is 29.76%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GIL shares. National Bankshares lifted their price target on Gildan Activewear from C$78.00 to C$83.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Finally, Desjardins increased their price target on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently 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.