Gildan Activewear Inc. (TSE:GIL) Director Acquires C$49,920.57 in Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Director Michener Chandlee purchased 736 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of C$67.83 per share, for a total transaction of C$49,920.57.

Michener Chandlee also recently made the following trade(s):

• On Thursday, August 8th, Michener Chandlee purchased 1,196 shares of Gildan Activewear stock. The stock was bought at an average price of C$40.85 per share, for a total transaction of C$48,856.60.

Gildan Activewear Stock Performance

Shares of GIL opened at C$68.53 on Friday. The stock has a 50-day moving average of C$64.12 and a two-hundred day moving average of C$56.15. Gildan Activewear Inc. has a one year low of C$41.32 and a one year high of C$70.15. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The stock has a market cap of C$11.14 billion, a P/E ratio of 20.96, a P/E/G ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a yield of 1.20%. Gildan Activewear’s dividend payout ratio is currently 33.94%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GIL. Desjardins lifted their price target on Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. TD Securities boosted their target price on Gildan Activewear from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets upgraded Gildan Activewear to a “strong-buy” rating in a research note on Friday, August 2nd. National Bankshares boosted their target price on 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. Finally, Citigroup boosted their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Gildan Activewear currently has an average rating of “Buy” and an average target price of C$57.20.

Gildan Activewear Company Profile

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.