Insider Buying: Gildan Activewear (TSE:GIL) Director Acquires 5,000 Shares of Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Director Deepak Kumar Khandelwal acquired 5,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of C$79.80 per share, for a total transaction of C$399,000.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at C$399,000. This represents a ∞ increase in their position.

Gildan Activewear Stock Down 1.4%

Shares of Gildan Activewear stock traded down C$1.14 on Monday, reaching C$79.96. The company’s stock had a trading volume of 163,018 shares, compared to its average volume of 550,280. The company has a market capitalization of C$14.81 billion, a price-to-earnings ratio of 47.31, a P/E/G ratio of 4.55 and a beta of 1.62. The firm’s fifty day simple moving average is C$81.61 and its two-hundred day simple moving average is C$84.85. Gildan Activewear Inc. has a 52 week low of C$62.80 and a 52 week high of C$100.44. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 147.07.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$0.60 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 10.08% and a net margin of 6.14%.The firm had revenue of C$1.62 billion for the quarter. Equities analysts anticipate that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.249 per share. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.2%. Gildan Activewear’s dividend payout ratio is currently 54.85%.

Analyst Ratings Changes

Several research firms have recently weighed in on GIL. TD Securities boosted their price objective on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a report on Friday, February 27th. National Bank Financial increased their price target on Gildan Activewear from C$100.00 to C$101.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Desjardins lifted their price objective on Gildan Activewear from C$95.00 to C$108.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$88.00.

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.