Gildan Activewear (TSE:GIL) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$70.31 and traded as high as C$72.69. Gildan Activewear shares last traded at C$72.39, with a volume of 428,714 shares.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group upgraded shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. National Bankshares boosted their target price on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$57.20.

Gildan Activewear Stock Down 0.3 %

The firm’s 50-day moving average price is C$70.38 and its 200 day moving average price is C$65.52. The company has a market capitalization of C$7.84 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 4.55 and a beta of 1.64. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26.

Gildan Activewear Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is presently 29.76%.

Insider Activity at Gildan Activewear

In related news, Senior Officer Benito Masi sold 10,000 shares of Gildan Activewear stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total transaction of C$693,102.00. 2.26% of the stock is currently owned by 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.