Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) Director Michael Hoffman sold 30,000 shares of Gildan Activewear stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of C$38.41, for a total value of C$1,152,300.00.

Gildan Activewear Inc (TSE:GIL) traded down C$0.09 during trading hours on Wednesday, reaching C$38.32. The company had a trading volume of 332,010 shares, compared to its average volume of 699,232. Gildan Activewear Inc has a fifty-two week low of C$30.97 and a fifty-two week high of C$42.18.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be paid a $0.121 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.26%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, November 15th. Gildan Activewear’s dividend payout ratio (DPR) is 16.83%.

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GIL has been the topic of a number of analyst reports. National Bank Financial lifted their target price on Gildan Activewear from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a C$34.00 target price on shares of Gildan Activewear in a research report on Friday, August 4th. Finally, TD Securities lowered Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 target price on the stock. in a research report on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Gildan Activewear presently has a consensus rating of “Hold” and a consensus price target of C$39.58.

About Gildan Activewear

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

Insider Buying and Selling by Quarter for Gildan Activewear (TSE:GIL)

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