Gildan Activewear Inc. (TSE:GIL - Get Free Report) (NYSE:GIL) Senior Officer Rhodri Harries sold 100,000 shares of the business's stock in a transaction that occurred 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 Down 1.0 %
GIL stock opened at C$77.66 on Friday. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The firm has a 50 day simple moving average of C$71.88 and a 200-day simple moving average of C$66.98. The company has a market capitalization of C$8.43 billion, a P/E ratio of 20.82, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a twelve month low of C$44.23 and a twelve month high of C$79.11.
Gildan Activewear (TSE:GIL - Get Free Report) (NYSE:GIL) last issued its quarterly 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 business earned $0.75 EPS. On average, equities research analysts predict that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on GIL. Desjardins raised 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. UBS Group raised shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 10th. Finally, National Bankshares lifted their price target on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Gildan Activewear currently has an average rating of "Buy" and an average price target of C$68.50.
Read Our Latest Stock Analysis on GIL
Gildan Activewear Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
