Insider Selling: Gildan Activewear Inc. (TSE:GIL) Senior Officer Sells C$7,808,000.00 in Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Rhodri Harries sold 100,000 shares of Gildan Activewear stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of C$78.08, for a total transaction of C$7,808,000.00.

Gildan Activewear Trading Up 0.6 %

Shares of GIL stock opened at C$78.15 on Friday. The stock has a market capitalization of C$8.49 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a 1 year low of C$44.23 and a 1 year high of C$79.11. The company’s fifty day simple moving average is C$72.09 and its two-hundred day simple moving average is C$67.21. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results 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 period in the previous year, the company earned $0.75 EPS. As a group, analysts anticipate that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, April 7th will be issued a $0.226 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.90 annualized dividend and a dividend yield of 1.16%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.21. Gildan Activewear’s dividend payout ratio is presently 29.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GIL shares. Desjardins lifted their price target on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. National Bankshares lifted their price target 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. Finally, UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target 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.