Rhodri Harries Sells 100,000 Shares of Gildan Activewear Inc. (TSE:GIL) Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Rhodri Harries sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$78.08, for a total value of C$7,808,000.00.

Gildan Activewear Price Performance

GIL stock opened at C$78.15 on Friday. The company has a market capitalization of C$8.49 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. Gildan Activewear Inc. has a 52-week low of C$44.23 and a 52-week high of C$79.11. The business has a 50-day simple moving average of C$72.09 and a two-hundred day simple moving average of C$67.13.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, topping the consensus estimate 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 previous year, the company posted $0.75 EPS. Research analysts expect that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, April 7th will be given a dividend of $0.226 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.90 annualized dividend and a dividend yield of 1.16%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.21. Gildan Activewear’s dividend payout ratio (DPR) is currently 29.76%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Desjardins raised their target price on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. National Bankshares lifted their price target on Gildan Activewear from C$78.00 to C$83.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.