Gildan Activewear (TSE:GIL) Insider Benito Masi Sells 15,000 Shares

Key Points

• Benito Masi, an insider at Gildan Activewear, sold 15,000 shares of the company at an average price of C$75.07, totaling over C$1.12 million, which reduced his ownership by 4.01%.
• The company announced a quarterly dividend of $0.226 per share, with a payout ratio of 27.63% and an annualized dividend yield of 1.2%.
• Recent analyst ratings include upgrades from National Bankshares and Scotiabank, with the consensus rating being "Buy" and an average target price of C$71.50.

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL insider Benito Masi sold 15,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of C$75.07, for a total transaction of C$1,126,017.00. Following the completion of the transaction, the insider owned 359,421 shares in the company, valued at C$26,980,943.74. The trade was a 4.01% decrease in their ownership of the stock.

Gildan Activewear Stock Performance

TSE:GIL traded down C$1.78 during midday trading on Friday, reaching C$74.62. The stock had a trading volume of 196,677 shares, compared to its average volume of 423,679. Gildan Activewear Inc. has a 1-year low of C$52.77 and a 1-year high of C$79.61. The firm's fifty day simple moving average is C$73.13 and its 200-day simple moving average is C$67.73. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. The stock has a market capitalization of C$11.12 billion, a P/E ratio of 23.92, a PEG ratio of 4.55 and a beta of 1.27.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be paid a $0.226 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.2%. Gildan Activewear's dividend payout ratio (DPR) is presently 27.63%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Securities raised their price target on shares of Gildan Activewear from C$60.00 to C$67.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. National Bankshares raised their price target on shares of Gildan Activewear from C$80.00 to C$85.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Scotiabank upgraded shares of Gildan Activewear to a "strong-buy" rating in a research report on Wednesday, May 28th. Cfra Research upgraded shares of Gildan Activewear to a "hold" rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada upgraded shares of Gildan Activewear to a "moderate buy" rating in a research report on Tuesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$71.50.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.