John Maness Sells 1,661 Shares of Gildan Activewear Inc. (TSE:GIL) Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer John Maness sold 1,661 shares of Gildan Activewear stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$68.77, for a total value of C$114,234.28.

Gildan Activewear Stock Up 0.8 %

Shares of GIL stock opened at C$66.84 on Friday. Gildan Activewear Inc. has a 1-year low of C$44.23 and a 1-year high of C$79.11. The stock’s fifty day moving average price is C$72.82 and its 200 day moving average price is C$68.18. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. The company has a market cap of C$7.26 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share 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 in the prior year, the business posted $0.75 EPS. On average, research analysts expect that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, April 7th will be paid a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 1.35%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, March 12th. Gildan Activewear’s payout ratio is 29.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. National Bankshares boosted their price target on Gildan Activewear from C$78.00 to C$83.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, Desjardins boosted their price target on Gildan Activewear from C$82.00 to C$87.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$68.50.

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.