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.
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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