Insider Selling: Gildan Activewear Inc (GIL) Insider Sells 3,000 Shares of Stock
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) insider Jonathan Roiter sold 3,000 shares of Gildan Activewear stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$38.25, for a total value of C$114,750.00.
Gildan Activewear Inc (TSE GIL) traded up C$0.53 on Friday, reaching C$38.75. The company’s stock had a trading volume of 423,618 shares, compared to its average volume of 696,539. Gildan Activewear Inc has a 52 week low of C$30.97 and a 52 week high of C$42.18.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be paid a $0.121 dividend. This represents a $0.48 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.09. Gildan Activewear’s payout ratio is 16.75%.
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Several analysts recently weighed in on GIL shares. National Bank Financial decreased their price objective on Gildan Activewear from C$43.00 to C$40.00 and set an “outperform” rating for the company in a report on Tuesday, August 1st. BMO Capital Markets reiterated an “outperform” rating and issued a C$34.00 target price on shares of Gildan Activewear in a research note 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 note on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$39.58.
Gildan Activewear Company Profile
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.
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