Gildan Activewear (TSE:GIL) Insider Maria Andrea Pirie Woodbridge Sells 8,000 Shares of Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total value of C$607,440.00. Following the transaction, the insider directly owned 2,243 shares in the company, valued at approximately C$170,310.99. This represents a 78.10% decrease in their ownership of the stock.

Gildan Activewear Trading Down 0.3%

Gildan Activewear stock traded down C$0.19 during mid-day trading on Friday, hitting C$73.64. The company’s stock had a trading volume of 200,231 shares, compared to its average volume of 621,917. The stock has a market cap of C$13.64 billion, a price-to-earnings ratio of 144.39, a price-to-earnings-growth ratio of 4.55 and a beta of 1.51. The company has a debt-to-equity ratio of 145.29, a current ratio of 1.93 and a quick ratio of 0.87. The business has a 50 day moving average price of C$75.48 and a 200-day moving average price of C$80.52. Gildan Activewear Inc. has a 12 month low of C$65.15 and a 12 month high of C$100.44.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%.The company had revenue of C$1.13 billion for the quarter. As a group, analysts forecast that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.249 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. Gildan Activewear’s payout ratio is presently 186.27%.

Analysts Set New Price Targets

GIL has been the topic of several research analyst reports. Desjardins set a C$108.00 price target on Gildan Activewear and gave the company a “buy” rating in a report on Tuesday, July 28th. National Bank Financial boosted their price target on shares of Gildan Activewear from C$105.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average price target of C$89.50.

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.