Insider Selling: Gildan Activewear (TSE:GIL) Insider Sells 8,000 Shares of Stock

Key Points

• Insider Maria Andrea Pirie Woodbridge sold 8,000 Gildan Activewear shares at an average C$75.93, generating C$607,440 and reducing her direct ownership by 78.1% to 2,243 shares.
• Gildan shares fell 0.3% to C$73.64, while the company reported quarterly revenue of C$1.13 billion and earnings of C$1.82 per share. Its valuation included a C$13.64 billion market capitalization and a 144.39 P/E ratio.
• The company announced a quarterly dividend of C$0.249 per share, equal to an annualized C$1.00 and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of C$89.50.

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$75.93, for a total value of C$607,440.00. Following the sale, the insider directly owned 2,243 shares in the company, valued at C$170,310.99. This trade represents a 78.10% decrease in their ownership of the stock.

Gildan Activewear Trading Down 0.3%

TSE GIL traded down C$0.19 on Friday, hitting C$73.64. 200,231 shares of the company were exchanged, compared to its average volume of 621,917. Gildan Activewear Inc. has a twelve month low of C$65.15 and a twelve month high of C$100.44. The company's 50 day moving average price is C$75.48 and its 200-day moving average price is C$80.52. The company has a debt-to-equity ratio of 145.29, a current ratio of 1.93 and a quick ratio of 0.87. The firm has a market capitalization of C$13.64 billion, a P/E ratio of 144.39, a price-to-earnings-growth ratio of 4.55 and a beta of 1.51.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last announced its earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share for the quarter. The firm had revenue of C$1.13 billion during the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. Analysts predict that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 14th will be given a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 20th. Gildan Activewear's dividend payout ratio is presently 186.27%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GIL shares. National Bank Financial increased their target price on Gildan Activewear from C$105.00 to C$107.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Desjardins set a C$108.00 price objective on Gildan Activewear and gave the company a "buy" rating in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$89.50.

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. 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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