Gildan Activewear (TSE:GIL) Shares Pass Above 50-Day Moving Average - Time to Sell?

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL's share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$63.24 and traded as high as C$65.26. Gildan Activewear shares last traded at C$62.92, with a volume of 220,973 shares.

Wall Street Analyst Weigh In

GIL has been the topic of several research analyst reports. Desjardins decreased their price target on shares of Gildan Activewear from C$87.00 to C$80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Barclays upgraded shares of Gildan Activewear to a "strong-buy" rating in a research report on Monday, April 28th. Scotiabank upgraded Gildan Activewear to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, National Bankshares lowered their target price on Gildan Activewear from C$83.00 to C$72.00 in a research note on Monday, April 21st. Four investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Strong Buy" and an average target price of C$64.00.

Gildan Activewear Stock Performance

The stock has a market capitalization of C$6.83 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 4.55 and a beta of 1.64. The company's fifty day simple moving average is C$63.24 and its 200 day simple moving average is C$67.61. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Tuesday, May 20th. Gildan Activewear's dividend payout ratio is 29.76%.

Insider Buying and Selling

In related news, Senior Officer Juan Carlos Contreras Y. Contreras sold 4,900 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of C$65.00, for a total value of C$318,490.20. Following the sale, the insider now owns 144 shares of the company's stock, valued at C$9,359.71. The trade was a 97.15% decrease in their ownership of the stock. Also, Senior Officer Benito Masi sold 15,000 shares of Gildan Activewear stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of C$68.66, for a total value of C$1,029,840.00. 2.26% of the stock is currently owned by company insiders.

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.

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