Gildan Activewear Inc. (TSE:GIL) Director Michener Chandlee Buys 736 Shares

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Director Michener Chandlee bought 736 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of C$67.83 per share, with a total value of C$49,920.57.

Michener Chandlee also recently made the following trade(s):

• On Thursday, August 8th, Michener Chandlee acquired 1,196 shares of Gildan Activewear stock. The stock was purchased at an average cost of C$40.85 per share, for a total transaction of C$48,856.60.

Gildan Activewear Stock Down 0.8 %

TSE:GIL opened at C$68.93 on Thursday. Gildan Activewear Inc. has a one year low of C$41.32 and a one year high of C$70.15. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87. The company has a market cap of C$11.21 billion, a PE ratio of 21.08, a P/E/G ratio of 4.55 and a beta of 1.64. The firm’s 50 day simple moving average is C$63.78 and its 200 day simple moving average is C$55.94.

Gildan Activewear Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.19%. Gildan Activewear’s dividend payout ratio (DPR) is presently 33.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GIL shares. TD Securities lifted their price target on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets raised Gildan Activewear to a “strong-buy” rating in a research note on Friday, August 2nd. Desjardins increased their target price on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Citigroup lifted their price target on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, National Bankshares increased their price objective on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently 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.