Insider Buying: Gildan Activewear (TSE:GIL) Director Purchases 5,000 Shares of Stock
by Doug Wharley · The Cerbat GemGildan Activewear Inc. (TSE:GIL – Get Free Report) (NYSE:GIL) Director Deepak Kumar Khandelwal bought 5,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of C$79.80 per share, for a total transaction of C$399,000.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at C$399,000. This represents a ∞ increase in their position.
Gildan Activewear Stock Performance
GIL traded down C$1.14 during midday trading on Monday, reaching C$79.96. The company had a trading volume of 163,018 shares, compared to its average volume of 550,280. The business has a 50-day moving average of C$81.61 and a two-hundred day moving average of C$84.85. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 147.07. Gildan Activewear Inc. has a 1 year low of C$62.80 and a 1 year high of C$100.44. The company has a market cap of C$14.81 billion, a P/E ratio of 47.31, a P/E/G ratio of 4.55 and a beta of 1.62.
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.60 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 10.08% and a net margin of 6.14%.The company had revenue of C$1.62 billion during the quarter. As a group, equities research analysts predict that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current fiscal year.
Gildan Activewear Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a $0.249 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s payout ratio is presently 54.85%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Desjardins lifted their target price on Gildan Activewear from C$95.00 to C$108.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. TD Securities increased their price objective on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, National Bank Financial upped their target price on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$88.00.
Check Out Our Latest Research Report on Gildan Activewear
Gildan Activewear Company Profile
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.