Gildan Activewear (TSE:GIL) Shares Cross Below 200 Day Moving Average – Should You Sell?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$79.57 and traded as low as C$73.32. Gildan Activewear shares last traded at C$73.89, with a volume of 527,235 shares.

Analysts Set New Price Targets

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

Gildan Activewear Price Performance

The business has a fifty day moving average of C$75.20 and a 200 day moving average of C$79.57. The firm has a market cap of C$13.68 billion, a P/E ratio of 144.88, a PEG ratio of 4.55 and a beta of 1.44. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 145.29.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Thursday, July 30th. The company reported C$1.82 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%.The firm had revenue of C$1.13 billion for the quarter. On average, sell-side analysts anticipate that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Dividend Announcement

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 $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, August 20th. Gildan Activewear’s dividend payout ratio is 186.27%.

Insiders Place Their Bets

In other Gildan Activewear news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$75.93, for a total transaction of C$607,440.00. Following the completion of the sale, the insider owned 2,243 shares of the company’s stock, valued at C$170,310.99. This trade represents a 78.10% decrease in their position. Company insiders own 2.26% of the company’s stock.

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.