Gildan Activewear Inc. (TSE:GIL) Senior Officer Benito Masi Sells 10,000 Shares

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Benito Masi sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total value of C$693,102.00.

Gildan Activewear Trading Down 0.2 %

Shares of TSE GIL opened at C$69.35 on Tuesday. Gildan Activewear Inc. has a 1 year low of C$41.32 and a 1 year high of C$71.10. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87. The firm has a 50-day moving average of C$67.58 and a 200 day moving average of C$59.80. The stock has a market cap of C$11.28 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.82 annualized dividend and a dividend yield of 1.18%. Gildan Activewear’s payout ratio is 33.94%.

Analyst Ratings Changes

Several brokerages have commented on GIL. National Bankshares upped their price objective on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup raised their price objective on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$57.20.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.