Insider Selling: Gildan Activewear Inc (GIL) Director Sells C$2,075,760.00 in Stock

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) Director Glenn J. Chamandy sold 54,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of C$38.44, for a total transaction of C$2,075,760.00.

Gildan Activewear Inc (TSE:GIL) opened at C$39.06 on Monday. Gildan Activewear Inc has a 52-week low of C$30.97 and a 52-week high of C$42.18.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be given a $0.121 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a yield of 1.24%. Gildan Activewear’s dividend payout ratio (DPR) is presently 16.75%.

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Several equities research analysts recently issued reports on the stock. National Bank Financial cut shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$40.00 to C$41.00 in a report on Friday, August 4th. TD Securities downgraded shares of Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 price target on the stock. in a research report on Friday, August 4th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$34.00 price target on shares of Gildan Activewear in a research report on Friday, August 4th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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.

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

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