John Maness Sells 1,661 Shares of Gildan Activewear Inc. (TSE:GIL) Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer John Maness sold 1,661 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$68.77, for a total transaction of C$114,234.28.

Gildan Activewear Stock Performance

Shares of TSE:GIL traded up C$0.05 on Friday, reaching C$66.38. 35,826 shares of the company’s stock were exchanged, compared to its average volume of 355,781. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. Gildan Activewear Inc. has a twelve month low of C$44.23 and a twelve month high of C$79.11. The company has a fifty day moving average of C$72.84 and a 200-day moving average of C$68.04. The company has a market capitalization of C$7.21 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 4.55 and a beta of 1.64.

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

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, April 7th will be given a dividend of $0.226 per share. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a yield of 1.36%. The ex-dividend date is Wednesday, March 12th. Gildan Activewear’s payout ratio is currently 29.76%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. National Bankshares lifted their price objective on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Desjardins increased their price target 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 research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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.