Gildan Activewear Inc. (TSE:GIL) Director Ghislain Houle Purchases 9,625 Shares of Stock

Gildan Activewear Inc. (TSE:GILGet Free Report) (NYSE:GIL) Director Ghislain Houle purchased 9,625 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average cost of C$51.83 per share, for a total transaction of C$498,834.88.

Gildan Activewear Trading Down 1.1 %

Shares of TSE GIL opened at C$50.80 on Wednesday. The business has a 50 day simple moving average of C$48.69 and a 200 day simple moving average of C$46.99. Gildan Activewear Inc. has a 52 week low of C$36.42 and a 52 week high of C$52.80. The stock has a market cap of C$8.56 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.54 and a beta of 1.63. The company has a debt-to-equity ratio of 64.76, a quick ratio of 0.87 and a current ratio of 2.38.

Gildan Activewear (TSE:GILGet Free Report) (NYSE:GIL) last posted its earnings results on Wednesday, May 1st. The company reported C$0.80 EPS for the quarter, topping the consensus estimate of C$0.72 by C$0.08. Gildan Activewear had a net margin of 16.14% and a return on equity of 26.88%. The company had revenue of C$938.04 million during the quarter, compared to the consensus estimate of C$956.47 million. On average, research analysts predict that Gildan Activewear Inc. will post 4.0599002 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be given a dividend of $0.277 per share. This represents a $1.11 annualized dividend and a yield of 2.18%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, May 22nd. Gildan Activewear’s dividend payout ratio is presently 28.04%.

Wall Street Analyst Weigh In

GIL has been the topic of several research analyst reports. National Bankshares lowered their target price on Gildan Activewear from C$58.00 to C$57.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Royal Bank of Canada upped their price objective on shares of Gildan Activewear from C$39.00 to C$41.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Desjardins lifted their target price on shares of Gildan Activewear from C$53.00 to C$55.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear presently has an average rating of “Moderate Buy” and a consensus price target of C$46.80.

View Our Latest Analysis on GIL

About Gildan Activewear

(Get Free Report)

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, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.

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