Gildan Activewear (TSE:GIL) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$68.36 and traded as low as C$66.40. Gildan Activewear shares last traded at C$66.75, with a volume of 250,165 shares.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. National Bankshares lifted their target price on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup increased their target price on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$57.20.

Gildan Activewear Stock Performance

The stock has a market capitalization of C$10.99 billion, a PE ratio of 20.68, a P/E/G ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The firm has a 50 day moving average of C$68.35 and a 200-day moving average of C$61.87.

Gildan Activewear Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, November 21st. Gildan Activewear’s payout ratio is presently 33.94%.

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Senior Officer Jason De Haan sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$69.35, for a total value of C$1,040,179.14. Also, Director Michener Chandlee bought 736 shares of the stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of C$67.83 per share, with a total value of C$49,920.57. 2.26% of the stock is owned by company insiders.

About Gildan Activewear

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.