Gildan Activewear Inc (GIL) Director Sells C$1,152,300.00 in Stock
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) Director Michael Hoffman sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$38.41, for a total value of C$1,152,300.00.
Shares of Gildan Activewear Inc (GIL) opened at C$39.06 on Friday. Gildan Activewear Inc has a twelve month low of C$30.97 and a twelve month high of C$42.18.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be issued a dividend of $0.121 per share. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 1.24%. Gildan Activewear’s dividend payout ratio (DPR) is 16.75%.
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A number of equities research analysts have weighed in on the company. National Bank Financial downgraded Gildan Activewear from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$40.00 to C$41.00 in a report on Friday, August 4th. BMO Capital Markets reduced their target price on Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating on the stock in a report on Friday, November 3rd. Finally, TD Securities downgraded Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 target price on the stock. in a report on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$39.58.
Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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