Key Points
- Director Glenn Chamandy bought 100,000 Gildan shares at C$49.55 each, spending C$4.955 million. The purchase increased his direct holdings by 7.81% to 1,379,665 shares.
- Gildan reported quarterly earnings of C$2.18 per share on revenue of C$2.08 billion. Analysts forecast full-year earnings of C$4.55 per share.
- Analyst views were mixed, with several firms downgrading the stock to Hold; MarketBeat reported a Moderate Buy consensus and a C$80.25 average price target.
Gildan Activewear Inc. (TSE:GIL - Get Free Report) (NYSE:GIL) Director Glenn Chamandy acquired 100,000 shares of the business's stock in a transaction on Friday, November 6th. The shares were bought at an average price of C$49.55 per share, with a total value of C$4,955,000.00. Following the completion of the transaction, the director directly owned 1,379,665 shares of the company's stock, valued at approximately C$68,362,400.75. The trade was a 7.81% increase in their ownership of the stock.
Gildan Activewear Trading Up 5.1%
Shares of TSE:GIL opened at C$51.51 on Tuesday. Gildan Activewear Inc. has a 12-month low of C$43.69 and a 12-month high of C$100.44. The stock has a market cap of C$9.54 billion, a PE ratio of 101.00, a P/E/G ratio of 4.55 and a beta of 1.77. The business has a 50 day moving average of C$61.09 and a 200-day moving average of C$76.30. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 145.29.
Gildan Activewear (TSE:GIL - Get Free Report) (NYSE:GIL) last announced its earnings results on Thursday, November 5th. The company reported C$2.18 earnings per share for the quarter. The company had revenue of C$2.08 billion for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. As a group, equities research analysts forecast that Gildan Activewear Inc. will post 4.55 earnings per share for the current year.
Gildan Activewear Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 14th were paid a $0.2490 dividend. The ex-dividend date was Thursday, August 20th. This represents a $1.00 annualized dividend and a yield of 1.9%. Gildan Activewear's payout ratio is 186.27%.
Wall Street Analysts Forecast Growth
GIL has been the topic of a number of research reports. Desjardins decreased their price objective on Gildan Activewear from C$108.00 to C$90.00 and set a "buy" rating on the stock in a report on Tuesday, November 3rd. UBS Group downgraded Gildan Activewear from a "strong-buy" rating to a "hold" rating in a report on Friday. Scotiabank cut shares of Gildan Activewear from a "strong-buy" rating to a "hold" rating in a research report on Friday. Scotia reduced their target price on shares of Gildan Activewear from C$67.00 to C$53.00 and set a "sector outperform" rating for the company in a research report on Tuesday, November 3rd. Finally, Canaccord Genuity Group downgraded shares of Gildan Activewear from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 5th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$80.25.
Get Our Latest Report on GIL
About Gildan Activewear
(
Get Free Report)
Gildan is a leading manufacturer of everyday basic apparel. The Company's product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion which is under an exclusive licensing agreement for the printwear channel in the U.S.
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