Benito Masi Sells 10,000 Shares of Gildan Activewear Inc. (TSE:GIL) Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total transaction of C$693,102.00.

Gildan Activewear Stock Up 0.1 %

GIL stock opened at C$69.52 on Monday. Gildan Activewear Inc. has a 12 month low of C$41.32 and a 12 month high of C$71.10. The firm has a market cap of C$11.30 billion, a PE ratio of 21.26, a P/E/G ratio of 4.55 and a beta of 1.64. The firm has a 50 day simple moving average of C$67.58 and a 200 day simple moving average of C$59.80. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87.

Gildan Activewear Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.205 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.18%. Gildan Activewear’s dividend payout ratio (DPR) is presently 33.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GIL shares. National Bankshares upped their price target on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup upped their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$57.20.

About Gildan Activewear

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.