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 company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$69.35, for a total transaction 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 stock was sold at an average price of C$42.05, for a total transaction of C$803,365.25.

Gildan Activewear Stock Performance

Shares of TSE:GIL traded down C$0.45 during trading on Wednesday, hitting C$69.05. 78,169 shares of the stock were exchanged, compared to its average volume of 363,732. Gildan Activewear Inc. has a 1-year low of C$41.32 and a 1-year high of C$70.15. The company has a market capitalization of C$11.23 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The company’s fifty day simple moving average is C$63.54 and its 200-day simple moving average is C$55.80.

Gildan Activewear Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 21st. Gildan Activewear’s dividend payout ratio is currently 33.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GIL shares. Citigroup increased their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. 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 raised Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. TD Securities raised their price target on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Desjardins lifted their target price on Gildan Activewear from C$63.00 to C$67.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target 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.