Gildan Activewear (TSE:GIL) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$84.47 and traded as low as C$80.66. Gildan Activewear shares last traded at C$82.41, with a volume of 131,118 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GIL. Desjardins raised their price objective on shares of Gildan Activewear from C$95.00 to C$108.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. National Bank Financial upped their price objective on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, TD Securities upped their price objective on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Gildan Activewear has a consensus rating of “Moderate Buy” and a consensus price target of C$88.00.

Gildan Activewear Stock Up 0.3%

The business’s 50-day moving average price is C$79.23 and its 200-day moving average price is C$84.48. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 147.07. The firm has a market capitalization of C$15.31 billion, a PE ratio of 48.91, a price-to-earnings-growth ratio of 4.55 and a beta of 1.62.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.60 earnings per share (EPS) for the quarter. The business had revenue of C$1.62 billion during the quarter. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. As a group, equities research analysts predict that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 54.85%.

Insiders Place Their Bets

In other Gildan Activewear news, Director Deepak Kumar Khandelwal acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of C$79.80 per share, with a total value of C$399,000.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at C$399,000. The trade was a ∞ increase in their ownership of the stock. Insiders own 2.26% of the company’s stock.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.