Gildan Activewear Inc. (TSE:GIL) Plans Quarterly Dividend of $0.23

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) announced a quarterly dividend on Wednesday, March 12th, TickerTech Dividends reports. Shareholders of record on Monday, April 7th will be paid a dividend of 0.226 per share on Monday, April 7th. This represents a $0.90 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a 10.2% increase from Gildan Activewear’s previous quarterly dividend of $0.21.

Gildan Activewear Trading Down 1.1 %

Shares of Gildan Activewear stock opened at C$71.17 on Monday. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The firm has a market cap of C$7.73 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear has a twelve month low of C$44.23 and a twelve month high of C$79.11. The business has a 50-day moving average price of C$72.70 and a 200-day moving average price of C$67.87.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on GIL shares. National Bankshares boosted their target price on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, Desjardins upped their price objective on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Four equities research 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, the stock presently has an average rating of “Buy” and an average target price of C$68.50.

Insider Buying and Selling

In other Gildan Activewear news, Senior Officer Michael Schroeder sold 4,299 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of C$78.02, for a total value of C$335,428.68. Also, Senior Officer Rhodri Harries sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of C$78.08, for a total transaction of C$7,808,000.00. Insiders have sold 118,483 shares of company stock valued at $9,147,454 in the last ninety days. 2.26% of the stock is owned by company insiders.

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.