Gildan Activewear Inc (TSE:GIL) Insider Jonathan Roiter Sells 3,000 Shares

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) insider Jonathan Roiter sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of C$38.25, for a total value of C$114,750.00.

Jonathan Roiter also recently made the following trade(s):

  • On Friday, November 17th, Jonathan Roiter sold 12,000 shares of Gildan Activewear stock. The shares were sold at an average price of C$38.80, for a total value of C$465,600.00.

Gildan Activewear Inc (GIL) opened at C$40.56 on Monday. Gildan Activewear Inc has a 1-year low of C$30.97 and a 1-year high of C$42.18.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.121 per share. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.48 annualized dividend and a yield of 1.19%. Gildan Activewear’s dividend payout ratio (DPR) is presently 16.60%.

Several equities research analysts have weighed in on GIL shares. BMO Capital Markets cut their price target on Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating on the stock in a report on Friday, November 3rd. National Bank Financial increased their price objective on Gildan Activewear from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a report on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average 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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