Donald Berg Purchases 3,000 Shares of Gildan Activewear Inc. (TSE:GIL) Stock

Gildan Activewear Inc. (TSE:GIL – Get Rating) (NYSE:GIL) Director Donald Berg purchased 3,000 shares of the company’s stock in a transaction on Monday, May 9th. The shares were purchased at an average cost of C$39.35 per share, with a total value of C$118,035.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at C$236,070.

GIL stock traded down C$0.53 during trading on Monday, hitting C$39.29. 459,330 shares of the stock traded hands, compared to its average volume of 510,424. Gildan Activewear Inc. has a 1 year low of C$38.91 and a 1 year high of C$55.13. The firm’s 50 day moving average is C$46.09 and its two-hundred day moving average is C$49.35. The stock has a market cap of C$7.34 billion and a price-to-earnings ratio of 10.02. The company has a debt-to-equity ratio of 38.10, a current ratio of 3.12 and a quick ratio of 1.28.

Gildan Activewear (TSE:GIL – Get Rating) (NYSE:GIL) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported C$0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.24. The company had revenue of C$988.74 million for the quarter, compared to analysts’ expectations of C$913.07 million. As a group, analysts anticipate that Gildan Activewear Inc. will post 4.2299998 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 20th. Stockholders of record on Thursday, May 26th will be issued a dividend of $0.217 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, May 25th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.22. Gildan Activewear’s dividend payout ratio (DPR) is presently 11.62%.

Several research analysts have commented on GIL shares. BMO Capital Markets started coverage on shares of Gildan Activewear in a report on Thursday, February 24th. They issued a “buy” rating and a C$51.00 price objective for the company. Desjardins decreased their price objective on shares of Gildan Activewear from C$62.00 to C$55.00 in a report on Thursday. National Bankshares decreased their price objective on shares of Gildan Activewear from C$65.00 to C$64.00 and set an “outperform” rating for the company in a report on Wednesday, March 30th. Finally, Royal Bank of Canada upped their price objective on shares of Gildan Activewear from C$48.00 to C$51.00 and gave the stock an “outperform” rating in a report on Thursday, February 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Gildan Activewear presently has an average rating of “Buy” and a consensus target price of C$53.22.

Gildan Activewear Company Profile (Get Rating)

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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.

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