Gildan Activewear Inc. (TSE:GIL - Get Free Report) (NYSE:GIL) Senior Officer Benito Masi sold 10,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total transaction of C$693,102.00.
Gildan Activewear Stock Up 0.1 %
Shares of TSE:GIL opened at C$69.52 on Friday. Gildan Activewear Inc. has a 52-week low of C$41.32 and a 52-week high of C$71.10. The stock has a market cap of C$11.30 billion, a P/E ratio of 21.26, a PEG ratio of 4.55 and a beta of 1.64. The business has a fifty day moving average of C$67.58 and a two-hundred day moving average of C$59.80. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52.
Gildan Activewear Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.18%. The ex-dividend date is Thursday, November 21st. Gildan Activewear's payout ratio is currently 33.94%.
Analysts Set New Price Targets
Several equities research analysts have commented on GIL shares. Citigroup boosted their price objective on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. National Bankshares increased their price objective on Gildan Activewear from C$68.00 to C$74.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$57.20.
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Read Our Latest Analysis on Gildan Activewear
Gildan Activewear Company Profile
(
Get Free Report)
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.
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