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

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

Gildan Activewear Stock Performance

GIL opened at C$77.66 on Friday. The stock’s 50 day simple moving average is C$71.88 and its 200 day simple moving average is C$66.98. The stock has a market cap of C$8.43 billion, a P/E ratio of 20.82, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a 1-year low of C$44.23 and a 1-year high of C$79.11. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data 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 period last year, the firm posted $0.75 EPS. As a group, equities analysts anticipate that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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