Deepak Kumar Khandelwal Acquires 5,000 Shares of Gildan Activewear (TSE:GIL) Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Director Deepak Kumar Khandelwal purchased 5,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were purchased at an average price of C$79.80 per share, with a total value of C$399,000.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at approximately C$399,000. This trade represents a ? increase in their ownership of the stock.

Gildan Activewear Trading Down 0.7%

Gildan Activewear stock opened at C$78.28 on Wednesday. The business has a 50-day simple moving average of C$80.68 and a two-hundred day simple moving average of C$84.77. The company has a market cap of C$14.50 billion, a P/E ratio of 46.32, a P/E/G ratio of 4.55 and a beta of 1.62. Gildan Activewear Inc. has a 52-week low of C$62.80 and a 52-week high of C$100.44. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 147.07.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Thursday, April 30th. The company reported C$0.60 earnings per share (EPS) for the quarter. The business had revenue of C$1.62 billion during the quarter. Gildan Activewear had a return on equity of 10.08% and a net margin of 6.14%. Analysts predict that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a dividend of $0.249 per share. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Gildan Activewear’s payout ratio is 54.85%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Desjardins boosted their price objective on Gildan Activewear from C$95.00 to C$108.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. National Bank Financial boosted their price objective on Gildan Activewear from C$100.00 to C$101.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, TD Securities boosted their price objective on Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear has a consensus rating of “Moderate Buy” and an average price target of C$88.00.

About Gildan Activewear

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.