3 days Ago By ABMN Staff
Shares of Gildan Activewear Inc. ( TSE:GIL – Get Free Report ) (NYSE:GIL) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$68.
18 and traded as low as C$55.73. Gildan Activewear shares last traded at C$56.
41, with a volume of 499,970 shares traded. Wall Street Analysts Forecast Growth Several equities analysts have recently commented on the company. National Bankshares set a C$83.
00 target price on Gildan Activewear and gave the company an “outperform” rating in a research report on Wednesday, March 19th. Desjardins upped their price objective on Gildan Activewear from C$82.00 to C$87.
00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock.
Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$68.50.
View Our Latest Analysis on Gildan Activewear Gildan Activewear Stock Down 2.1 % Gildan Activewear ( TSE:GIL – Get Free Report ) (NYSE:GIL) last released its earnings results on Wednesday, February 19th. The company reported C$0.
83 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.01.
Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%.
During the same quarter last year, the company posted $0.75 EPS. Sell-side analysts predict that Gildan Activewear Inc.
will post 4.5460385 EPS for the current fiscal year. Gildan Activewear Increases Dividend The company also recently announced a quarterly dividend, which was paid on Monday, April 7th.
Stockholders of record on Monday, April 7th were given a $0.226 dividend. The ex-dividend date was Wednesday, March 12th.
This is a boost from Gildan Activewear’s previous quarterly dividend of $0.21. This represents a $0.
90 annualized dividend and a dividend yield of 1.60%. Gildan Activewear’s payout ratio is presently 29.
76%. Insider Transactions at Gildan Activewear In other news, Senior Officer Rhodri Harries sold 100,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$78.
08, for a total value of C$7,808,000.00. Also, Senior Officer John Maness sold 1,661 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th.
The shares were sold at an average price of C$68.77, for a total transaction of C$114,234.28.
In the last 90 days, insiders sold 110,144 shares of company stock valued at $8,568,586. Company insiders own 2.26% of the company’s stock.
Gildan Activewear Company Profile ( Get Free Report ) Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.
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