Insider Selling: Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells C$803,365.25 in Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Jason De Haan sold 19,105 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$42.05, for a total value of C$803,365.25.

Gildan Activewear Trading Up 0.2 %

TSE GIL opened at C$57.74 on Monday. The company has a market capitalization of C$9.39 billion, a price-to-earnings ratio of 17.29, 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 current ratio of 2.35 and a quick ratio of 0.87. Gildan Activewear Inc. has a 12 month low of C$36.42 and a 12 month high of C$58.12. The company’s fifty day moving average price is C$53.87 and its two-hundred day moving average price is C$50.02.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be given a dividend of $0.28 per share. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.12 annualized dividend and a dividend yield of 1.94%. Gildan Activewear’s dividend payout ratio (DPR) is presently 33.83%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. National Bankshares boosted their price target on Gildan Activewear from C$57.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Desjardins raised their price target on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. TD Securities boosted their price objective on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets raised shares of Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.