Gildan Activewear Inc. (TSE:GIL - Get Free Report) (NYSE:GIL) Senior Officer John Maness sold 1,661 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$68.77, for a total transaction of C$114,234.28.
Gildan Activewear Trading Up 0.8 %
Shares of GIL stock opened at C$66.84 on Friday. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. The firm has a market cap of C$7.26 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a 50-day moving average of C$72.82 and a two-hundred day moving average of C$68.11. Gildan Activewear Inc. has a 1-year low of C$44.23 and a 1-year high of C$79.11.
Gildan Activewear (TSE:GIL - Get Free Report) (NYSE:GIL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, beating 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 business earned $0.75 earnings per share. On average, analysts predict that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.
Gildan Activewear Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, April 7th will be paid a $0.226 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a yield of 1.35%. This is an increase from Gildan Activewear's previous quarterly dividend of $0.21. Gildan Activewear's payout ratio is currently 29.76%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on GIL shares. UBS Group upgraded shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 10th. Desjardins increased their target price on shares of 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. Finally, National Bankshares increased their target price on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Gildan Activewear currently has an average rating of "Buy" and a consensus target price of C$68.50.
Get Our Latest Stock Analysis on Gildan Activewear
About Gildan Activewear
(
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.
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