Gildan Activewear Inc. (TSE:GIL) Senior Officer Jason De Haan Sells 15,000 Shares

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) 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.

Jason De Haan also recently made the following trade(s):

• On Thursday, August 15th, Jason De Haan sold 19,105 shares of Gildan Activewear stock. The shares were sold at an average price of C$42.05, for a total value of C$803,365.25.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at C$68.93 on Thursday. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. Gildan Activewear Inc. has a 52-week low of C$41.32 and a 52-week high of C$70.15. The company has a fifty day moving average of C$63.78 and a 200-day moving average of C$55.94. The stock has a market capitalization of C$11.21 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.19%. Gildan Activewear’s dividend payout ratio is currently 33.94%.

Analyst Ratings Changes

Several equities research analysts have issued reports on GIL shares. National Bankshares increased 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. BMO Capital Markets upgraded Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. Citigroup upped their price objective on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Desjardins raised their target price on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, TD Securities boosted their price target on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Gildan Activewear presently has an average rating of “Buy” and a consensus target price of C$57.20.

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.