Gildan Activewear Inc. (TSE:GIL) Senior Officer Michael Schroeder Sells 4,184 Shares

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Michael Schroeder sold 4,184 shares of Gildan Activewear stock in a transaction 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 completion of the transaction, the insider now owns 51 shares in the company, valued at C$3,789.94. This trade represents a 98.80 % decrease in their position.

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

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

Gildan Activewear Trading Down 0.7 %

Shares of GIL opened at C$73.21 on Thursday. The stock’s 50-day moving average price is C$72.53 and its 200 day moving average price is C$67.59. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The firm has a market capitalization of C$7.95 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a 12-month low of C$44.23 and a 12-month high of C$79.11.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced 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 return on equity of 23.10% and a net margin of 13.05%. During the same quarter last year, the firm posted $0.75 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, April 7th will be issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 1.23%. The ex-dividend date is Wednesday, March 12th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.21. Gildan Activewear’s payout ratio is 29.76%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GIL. National Bankshares boosted 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. UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Finally, Desjardins increased their price objective on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.