Insider Selling: Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells 50,000 Shares of Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Benito Masi sold 50,000 shares of Gildan Activewear stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$41.55, for a total value of C$2,077,495.00.

Gildan Activewear Stock Up 0.7 %

Shares of GIL traded up C$0.38 during trading hours on Tuesday, reaching C$57.38. The stock had a trading volume of 216,549 shares, compared to its average volume of 332,722. Gildan Activewear Inc. has a 12 month low of C$36.42 and a 12 month high of C$58.00. The firm has a 50-day simple moving average of C$53.40 and a 200 day simple moving average of C$49.64. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 72.52. The company has a market capitalization of C$9.33 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 4.55 and a beta of 1.64.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 22nd will be issued a $0.28 dividend. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.28. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, August 22nd. Gildan Activewear’s dividend payout ratio (DPR) is currently 33.83%.

Analysts Set New Price Targets

GIL has been the topic of several recent analyst reports. TD Securities boosted their price target on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Desjardins boosted their price target on 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. National Bankshares boosted their price target on Gildan Activewear from C$57.00 to C$58.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets raised Gildan Activewear to a “strong-buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Gildan Activewear has an average rating of “Buy” and a consensus target price of C$54.00.

Gildan Activewear Company Profile

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.