Gildan Activewear (TSE:GIL) Director Glenn Chamandy Purchases 100,000 Shares of Stock

Key Points

• Director Glenn Chamandy bought 100,000 shares at an average C$49.55 each, spending C$4.955 million and increasing his stake by 7.81% to 1,379,665 shares.
• Gildan reported quarterly earnings of C$2.18 per share on C$2.08 billion in revenue; analysts expect full-year EPS of C$4.55.
• Analyst sentiment was mixed, with four Buy and three Hold ratings. The average price target was C$80.25.

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL Director Glenn Chamandy purchased 100,000 shares of Gildan Activewear stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average price of C$49.55 per share, with a total value of C$4,955,000.00. Following the transaction, the director owned 1,379,665 shares in the company, valued at C$68,362,400.75. This represents a 7.81% increase in their position.

Gildan Activewear Stock Up 5.1%

TSE:GIL traded up C$2.51 during trading hours on Monday, hitting C$51.51. 1,238,680 shares of the company's stock traded hands, compared to its average volume of 668,442. The stock's fifty day moving average price is C$61.09 and its two-hundred day moving average price is C$76.30. The firm has a market cap of C$9.54 billion, a P/E ratio of 101.00, a P/E/G ratio of 4.55 and a beta of 1.77. The company has a debt-to-equity ratio of 145.29, a quick ratio of 0.87 and a current ratio of 1.93. Gildan Activewear Inc. has a twelve month low of C$43.69 and a twelve month high of C$100.44.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last posted its quarterly earnings results on Thursday, November 5th. The company reported C$2.18 EPS for the quarter. The business had revenue of C$2.08 billion during the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. On average, research analysts expect that Gildan Activewear Inc. will post 4.55 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 14th were given a dividend of $0.2490 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, August 20th. Gildan Activewear's dividend payout ratio (DPR) is presently 186.27%.

Analyst Ratings Changes

GIL has been the subject of a number of research analyst reports. National Bank Financial cut their price target on Gildan Activewear from C$107.00 to C$98.00 and set an "outperform" rating for the company in a report on Monday, October 19th. Desjardins decreased their price target on Gildan Activewear from C$108.00 to C$90.00 and set a "buy" rating on the stock in a research report on Tuesday, November 3rd. Scotiabank cut shares of Gildan Activewear from a "strong-buy" rating to a "hold" rating in a research note on Friday. Canaccord Genuity Group cut Gildan Activewear from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, Scotia reduced their price target on Gildan Activewear from C$67.00 to C$53.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, November 3rd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$80.25.

Gildan Activewear Company Profile

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 and directly to consumers. 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.

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