Gildan Activewear Inc (GIL) Insider Sells C$580,000.00 in Stock

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) insider Eric Ralph Lehman sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of C$29.00, for a total transaction of C$580,000.00.

Shares of Gildan Activewear Inc (TSE GIL) traded up C$0.84 during trading hours on Friday, hitting C$38.65. 2,020,902 shares of the stock traded hands, compared to its average volume of 599,114. The stock has a market capitalization of $8,210.00, a P/E ratio of 18.18 and a beta of 0.50. Gildan Activewear Inc has a 1-year low of C$33.86 and a 1-year high of C$42.18.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 8th will be paid a $0.112 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, March 7th. Gildan Activewear’s dividend payout ratio (DPR) is 17.98%.

Several analysts have recently weighed in on GIL shares. Stifel Nicolaus increased their target price on shares of Gildan Activewear from C$34.00 to C$37.00 in a report on Friday, December 15th. National Bank Financial increased their target price on shares of Gildan Activewear from C$42.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Gildan Activewear presently has a consensus rating of “Hold” and an average price target of C$39.21.

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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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