Insider Selling: Gildan Activewear Inc (GIL) Insider Sells 12,000 Shares of Stock

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) insider Jonathan Roiter sold 12,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was 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 stock was sold at an average price of C$38.25, for a total transaction of C$114,750.00.

Shares of Gildan Activewear Inc (TSE GIL) traded up C$0.44 during midday trading on Wednesday, reaching C$40.26. 434,202 shares of the company were exchanged, compared to its average volume of 679,659. Gildan Activewear Inc has a 12-month low of C$30.97 and a 12-month high of C$42.18.

The firm also recently disclosed 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 1.20%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, November 15th. Gildan Activewear’s dividend payout ratio is presently 16.83%.

A number of research firms have recently weighed in on GIL. BMO Capital Markets lowered their price target on shares of Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating on the stock in a research note on Friday, November 3rd. National Bank Financial upped their price target on shares of Gildan Activewear from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Gildan Activewear currently has an average rating of “Hold” and a consensus price target of C$39.58.

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About Gildan Activewear

Gildan Activewear Inc manufactures and sells apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products, including T-shirts, fleece, and sport shirts under Gildan, Gildan Performance, Anvil, Comfort Colors, American Apparel, Alstyle, and New Balance brands.

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

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