Gildan Activewear Inc (GIL) Insider Jonathan Roiter Sells 12,000 Shares
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) insider Jonathan Roiter sold 12,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of C$38.80, for a total transaction of C$465,600.00.
Jonathan Roiter also recently made the following trade(s):
- On Wednesday, November 15th, Jonathan Roiter sold 3,000 shares of Gildan Activewear stock. The shares were sold at an average price of C$38.25, for a total transaction of C$114,750.00.
Gildan Activewear Inc (TSE:GIL) opened at C$39.86 on Tuesday. Gildan Activewear Inc has a one year low of C$30.97 and a one year high of C$42.18.
The business also recently announced 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. 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. This represents a $0.48 dividend on an annualized basis and a yield of 1.21%. Gildan Activewear’s dividend payout ratio is presently 16.75%.
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Several equities analysts have recently issued reports on GIL shares. TD Securities lowered shares of Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 price target for the company. in a report on Friday, August 4th. BMO Capital Markets decreased their price target on shares of Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating for the company in a report on Friday, November 3rd. Finally, National Bank Financial decreased their price target on shares of 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. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average 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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