Insider Selling: Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells 4,184 Shares of Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Michael Schroeder sold 4,184 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of C$74.31, for a total transaction of C$310,923.50. Following the sale, the insider now owns 51 shares in the company, valued at C$3,789.94. The trade was a 98.80 % decrease in their ownership of the stock.

Michael Schroeder also recently made the following trade(s):

• On Tuesday, February 25th, Michael Schroeder sold 4,299 shares of Gildan Activewear stock. The stock was sold at an average price of C$78.02, for a total transaction of C$335,428.68.

Gildan Activewear Stock Performance

Shares of TSE GIL traded down C$2.50 during trading hours on Tuesday, reaching C$74.28. The stock had a trading volume of 271,380 shares, compared to its average volume of 331,745. The firm has a market cap of C$8.07 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a fifty-two week low of C$44.23 and a fifty-two week high of C$79.11. The firm has a 50-day moving average of C$72.29 and a 200-day moving average of C$67.44. 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 (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, beating the consensus estimate 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 company earned $0.75 earnings per share. Equities research analysts predict that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, April 7th will be given a dividend of $0.226 per share. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, March 12th. Gildan Activewear’s dividend payout ratio (DPR) is presently 29.76%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GIL. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Desjardins raised their price target on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, National Bankshares upped their price objective on Gildan Activewear from C$78.00 to C$83.00 and gave the stock 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 given a strong buy rating to the company’s stock. According to MarketBeat, Gildan Activewear has an average rating of “Buy” and a consensus target price of C$68.50.

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.