Michael Schroeder Sells 4,184 Shares of Gildan Activewear Inc. (TSE:GIL) Stock

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Michael Schroeder sold 4,184 shares of Gildan Activewear stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of C$74.31, for a total transaction of C$310,923.50. Following the completion of the sale, the insider now directly owns 51 shares in the company, valued at approximately C$3,789.94. The trade was a 98.80 % decrease in their position.

Michael Schroeder also recently made the following trade(s):

• On Tuesday, February 25th, Michael Schroeder sold 4,299 shares of Gildan Activewear stock. The shares were sold at an average price of C$78.02, for a total transaction of C$335,428.68.

Gildan Activewear Price Performance

TSE GIL traded down C$2.50 during mid-day trading on Tuesday, hitting C$74.28. The stock had a trading volume of 271,380 shares, compared to its average volume of 331,745. The company has a 50 day simple moving average of C$72.29 and a 200 day simple moving average of C$67.44. The company has a market cap of C$8.07 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a 52-week low of C$44.23 and a 52-week high of C$79.11. 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 (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. During the same period last year, the firm posted $0.75 EPS. Equities analysts forecast that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, April 7th will be given a $0.226 dividend. The ex-dividend date is Wednesday, March 12th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a dividend yield of 1.22%. Gildan Activewear’s dividend payout ratio is currently 29.76%.

Analyst Upgrades and Downgrades

GIL has been the topic of several recent analyst reports. National Bankshares boosted their target price on Gildan Activewear from C$78.00 to C$83.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Desjardins boosted their target price on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Gildan Activewear has a consensus rating of “Buy” and a consensus target price of C$68.50.

About Gildan Activewear

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.