Insider Selling: Gildan Activewear Inc (TSE:GIL) Insider Sells 20,000 Shares of Stock

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

Gildan Activewear stock traded down C$0.46 during trading hours on Monday, hitting C$36.75. The stock had a trading volume of 542,576 shares, compared to its average volume of 614,905. Gildan Activewear Inc has a 1-year low of C$34.98 and a 1-year high of C$42.18.

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Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Thursday, February 22nd. The company reported C$0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.39. The company had revenue of C$830.25 million for the quarter, compared to analyst estimates of C$804.95 million. Gildan Activewear had a return on equity of 10.70% and a net margin of 8.41%.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 8th will be given a $0.112 dividend. The ex-dividend date is Wednesday, March 7th. This represents a $0.45 annualized dividend and a dividend yield of 1.22%.

A number of brokerages recently weighed in on GIL. National Bank Financial upped their price objective on 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. Stifel Nicolaus upped their price objective on Gildan Activewear from C$34.00 to C$37.00 in a report on Friday, December 15th. 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 an average target price 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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