Gildan Activewear (TSE:GIL) Insider Maria Andrea Pirie Woodbridge Sells 8,000 Shares

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of C$75.93, for a total value of C$607,440.00. Following the completion of the transaction, the insider directly owned 2,243 shares in the company, valued at approximately C$170,310.99. This represents a 78.10% decrease in their ownership of the stock.

Gildan Activewear Trading Down 0.0%

GIL stock opened at C$73.81 on Friday. The company has a debt-to-equity ratio of 145.29, a current ratio of 1.93 and a quick ratio of 0.87. The business has a 50 day simple moving average of C$75.50 and a two-hundred day simple moving average of C$80.48. Gildan Activewear Inc. has a 1-year low of C$65.15 and a 1-year high of C$100.44. The company has a market capitalization of C$13.67 billion, a price-to-earnings ratio of 144.73, a PEG ratio of 4.55 and a beta of 1.51.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$1.82 EPS for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%.The company had revenue of C$1.13 billion during the quarter. Research analysts anticipate that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 14th will be paid a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 20th. Gildan Activewear’s dividend payout ratio (DPR) is currently 186.27%.

Wall Street Analyst Weigh In

Several brokerages have commented on GIL. Desjardins set a C$108.00 price objective on Gildan Activewear and gave the company a “buy” rating in a research report on Tuesday, July 28th. National Bank Financial lifted their target price on Gildan Activewear from C$105.00 to C$107.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Gildan Activewear presently has a consensus rating of “Moderate Buy” and a consensus target price of C$89.50.

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.