Gildan Activewear Inc. (TSE:GIL) Senior Officer Benito Masi Sells 10,000 Shares

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total transaction of C$693,102.00.

Gildan Activewear Stock Performance

Shares of TSE GIL opened at C$69.52 on Friday. The company’s fifty day moving average price is C$67.58 and its 200 day moving average price is C$59.80. The company has a market capitalization of C$11.30 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a 1 year low of C$41.32 and a 1 year high of C$71.10. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35.

Gildan Activewear Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a yield of 1.18%. Gildan Activewear’s payout ratio is 33.94%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. National Bankshares upped their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup upped their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Gildan Activewear has a consensus rating of “Buy” and a consensus target price of C$57.20.

About Gildan Activewear

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.