Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) Director George Jason Heller bought 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of C$38.58 per share, with a total value of C$96,450.00.
Shares of Gildan Activewear Inc (TSE:GIL) traded up 1.44% during mid-day trading on Monday, hitting $38.77. 530,500 shares of the company’s stock traded hands. Gildan Activewear Inc has a 52 week low of $30.97 and a 52 week high of $42.18. The company has a market cap of $8.70 billion and a PE ratio of 23.47. The firm has a 50-day moving average of $38.76 and a 200 day moving average of $37.04.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.0935 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, August 15th.
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Several brokerages have commented on GIL. TD Securities cut shares of Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 target price for the company. in a research report on Friday, August 4th. DA Davidson reiterated a “neutral” rating on shares of Gildan Activewear in a research report on Thursday, May 4th. BMO Capital Markets reiterated an “outperform” rating and set a C$34.00 target price on shares of Gildan Activewear in a research report on Friday, August 4th. Royal Bank Of Canada cut shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a C$40.00 target price for the company. in a research report on Wednesday, July 12th. Finally, National Bank Financial dropped their target price on shares of Gildan Activewear from C$43.00 to C$40.00 and set an “outperform” rating for the company in a research report on Tuesday, August 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Gildan Activewear has a consensus rating of “Hold” and a consensus target price of C$40.08.
Gildan Activewear Company Profile
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.
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