Gildan Activewear (GIL) Sets New 12-Month Low at $36.56

Gildan Activewear (TSE:GIL) (NYSE:GIL) hit a new 52-week low on Friday . The company traded as low as C$36.56 and last traded at C$36.82, with a volume of 693070 shares traded. The stock had previously closed at C$38.71.

Separately, National Bank Financial boosted their price objective on Gildan Activewear from C$42.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$39.21.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Thursday, May 17th will be given a $0.112 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.21%.

In related news, insider Eric Ralph Lehman sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of C$29.00, for a total transaction of C$580,000.00. Also, insider Benito Masi sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of C$37.45, for a total value of C$449,400.00.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells a range of 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 company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

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