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

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

Gildan Activewear Stock Performance

Shares of GIL stock opened at C$73.81 on Friday. 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 stock has a market cap of C$13.67 billion, a PE ratio of 144.73, a price-to-earnings-growth ratio of 4.55 and a beta of 1.51. The stock has a 50-day moving average of C$75.50 and a 200-day moving average of C$80.48. Gildan Activewear Inc. has a one year low of C$65.15 and a one year high of C$100.44.

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

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 14th will be issued a $0.249 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.00 annualized dividend and a yield of 1.3%. Gildan Activewear’s dividend payout ratio (DPR) is 186.27%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GIL. Desjardins set a C$108.00 price target on shares of Gildan Activewear and gave the company a “buy” rating in a report on Tuesday, July 28th. National Bank Financial raised their price objective on 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.