Michael Schroeder Sells 4,184 Shares of Gildan Activewear Inc. (TSE:GIL) Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Michael Schroeder sold 4,184 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of C$74.31, for a total value of C$310,923.50. Following the completion of the sale, the insider now directly owns 51 shares of the company’s stock, valued at approximately C$3,789.94. This represents a 98.80 % decrease in their ownership of the stock.

Michael Schroeder also recently made the following trade(s):

• On Tuesday, February 25th, Michael Schroeder sold 4,299 shares of Gildan Activewear stock. The stock was sold at an average price of C$78.02, for a total transaction of C$335,428.68.

Gildan Activewear Price Performance

Shares of GIL opened at C$73.21 on Thursday. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The firm has a market cap of C$7.95 billion, a PE ratio of 19.63, a PEG ratio of 4.55 and a beta of 1.64. The firm’s 50 day moving average price is C$72.53 and its 200 day moving average price is C$67.59. Gildan Activewear Inc. has a twelve month low of C$44.23 and a twelve month high of C$79.11.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.01. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. During the same quarter in the prior year, the company posted $0.75 EPS. As a group, research analysts expect that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, April 7th will be given a $0.226 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.21. Gildan Activewear’s payout ratio is currently 29.76%.

Analysts Set New Price Targets

GIL has been the topic of a number of research analyst reports. National Bankshares boosted their price objective on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Desjardins boosted their price target on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Gildan Activewear has an average rating of “Buy” and an average target price of C$68.50.

About Gildan Activewear

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.