Gildan Activewear Inc (GIL) Insider Eric Ralph Lehman Sells 20,000 Shares

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) insider Eric Ralph Lehman sold 20,000 shares of the firm’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 transaction of C$580,000.00.

Shares of GIL stock traded up C$0.84 during trading hours on Friday, hitting C$38.65. 2,020,500 shares of the company’s stock were exchanged, compared to its average volume of 599,114. The firm has a market cap of $8,210.00, a price-to-earnings ratio of 18.58 and a beta of 0.50. Gildan Activewear Inc has a 52 week low of C$33.86 and a 52 week high of C$42.18.

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

A number of equities analysts recently commented on GIL shares. Stifel Nicolaus raised their price objective on shares of Gildan Activewear from C$34.00 to C$37.00 in a research note on Friday, December 15th. National Bank Financial raised their price objective on shares of Gildan Activewear from C$42.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of C$39.21.

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Gildan Activewear Company Profile

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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