Insider Selling: Gildan Activewear Inc (TSE:GIL) Director Sells 136,700 Shares of Stock
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) Director Glenn J. Chamandy sold 136,700 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$38.78, for a total transaction of C$5,301,226.00.
Gildan Activewear Inc (TSE GIL) traded up 1.44% during trading on Monday, hitting $38.77. 530,500 shares of the stock traded hands. The firm has a 50-day moving average price of $38.76 and a 200 day moving average price of $37.04. The company has a market cap of $8.70 billion and a P/E ratio of 23.47. Gildan Activewear Inc has a 52-week low of $30.97 and a 52-week high of $42.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 17th will be paid a $0.0935 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, August 15th.
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A number of analysts recently issued reports on GIL shares. Royal Bank Of Canada raised their price objective on shares of Gildan Activewear from C$39.00 to C$40.50 and gave the stock an “outperform” rating in a report on Monday, April 24th. TD Securities restated a “buy” rating and set a C$42.00 price objective on shares of Gildan Activewear in a report on Thursday, April 27th. Desjardins raised their price objective on shares of Gildan Activewear from C$38.00 to C$42.00 in a report on Thursday, May 4th. Scotiabank raised their price objective on shares of Gildan Activewear from C$38.00 to C$42.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Finally, DA Davidson restated a “neutral” rating on shares of Gildan Activewear in a report on Thursday, May 4th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Gildan Activewear currently has a consensus rating of “Hold” and an average target price of C$40.08.
About Gildan Activewear
Gildan Activewear Inc manufactures and sells apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products, including T-shirts, fleece, and sport shirts under Gildan, Gildan Performance, Anvil, Comfort Colors, American Apparel, Alstyle, and New Balance brands.
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