Insider Selling: Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells C$1,029,840.00 in Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Benito Masi sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of C$68.66, for a total value of C$1,029,840.00.

Gildan Activewear Price Performance

Shares of GIL stock opened at C$68.86 on Friday. The stock has a 50-day moving average price of C$62.27 and a 200 day moving average price of C$67.82. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The firm has a market cap of C$7.48 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a 12 month low of C$47.12 and a 12 month high of C$79.11.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company earned $0.75 EPS. Research analysts expect that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 29.76%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays upgraded Gildan Activewear to a “strong-buy” rating in a report on Monday, April 28th. Desjardins dropped their price objective on Gildan Activewear from C$87.00 to C$80.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, National Bankshares dropped their price objective on Gildan Activewear from C$83.00 to C$72.00 in a research note on Monday, April 21st. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Gildan Activewear has an average rating of “Buy” and a consensus target price of C$64.00.

About Gildan Activewear

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.