Rhodri Harries Sells 100,000 Shares of Gildan Activewear Inc. (TSE:GIL) Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Rhodri Harries sold 100,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of C$78.08, for a total value of C$7,808,000.00.

Gildan Activewear Price Performance

Shares of TSE GIL traded down C$0.65 during midday trading on Thursday, reaching C$77.77. The company’s stock had a trading volume of 159,796 shares, compared to its average volume of 322,236. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. Gildan Activewear Inc. has a fifty-two week low of C$44.23 and a fifty-two week high of C$79.11. The business’s 50 day moving average price is C$71.67 and its two-hundred day moving average price is C$66.84. The company has a market cap of C$8.44 billion, a P/E ratio of 20.85, a P/E/G ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business earned $0.75 earnings per share. On average, analysts forecast that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Analysts Set New Price Targets

GIL has been the subject of a number of research reports. UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Desjardins lifted their price target on Gildan Activewear from C$82.00 to C$87.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, 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. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average 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.