Insider Selling: Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells 4,299 Shares of Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Michael Schroeder sold 4,299 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total transaction of C$335,428.68.

Gildan Activewear Trading Down 0.2 %

Gildan Activewear stock traded down C$0.13 during midday trading on Friday, hitting C$77.53. 36,454 shares of the stock were exchanged, compared to its average volume of 318,358. The company has a fifty day simple moving average of C$71.88 and a two-hundred day simple moving average of C$66.98. Gildan Activewear Inc. has a 52 week low of C$44.23 and a 52 week high of C$79.11. The stock has a market capitalization of C$8.42 billion, a PE ratio of 20.79, a P/E/G ratio of 4.55 and a beta of 1.64. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Wednesday, February 19th. The company reported C$0.83 earnings per share 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 last year, the business posted $0.75 EPS. Equities research analysts anticipate that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GIL shares. National Bankshares increased their price objective on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Desjardins raised 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 note on Thursday, February 20th. Finally, UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Gildan Activewear has an average rating of “Buy” and an average price target of C$68.50.

Gildan Activewear Company Profile

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.