Gildan Activewear Inc. (TSE:GIL) Senior Officer Rhodri Harries Sells 100,000 Shares

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) Senior Officer Rhodri Harries sold 100,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of C$78.08, for a total transaction of C$7,808,000.00.

Gildan Activewear Trading Down 0.8 %

TSE GIL traded down C$0.65 on Thursday, reaching C$77.77. The company had a trading volume of 159,796 shares, compared to its average volume of 322,236. The firm has a market cap of C$8.44 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a fifty-two week low of C$44.23 and a fifty-two week high of C$79.11. The business has a 50 day moving average of C$71.67 and a two-hundred day moving average of C$66.84. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.01. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. During the same quarter in the previous year, the company earned $0.75 EPS. Analysts forecast that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Desjardins increased 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, National Bankshares increased their price objective on Gildan Activewear from C$78.00 to C$83.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$68.50.

Gildan Activewear Company Profile

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.