Gildan Activewear Inc. (TSE:GIL) Announces Quarterly Dividend of $0.19

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) declared a quarterly dividend on Tuesday, November 21st, TickerTech reports. Shareholders of record on Monday, December 18th will be given a dividend of 0.186 per share on Monday, December 18th. This represents a $0.74 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Tuesday, November 21st.

Gildan Activewear Stock Up 0.9 %

GIL stock opened at C$48.97 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.50 and a debt-to-equity ratio of 56.79. The business has a 50 day moving average price of C$40.57 and a two-hundred day moving average price of C$40.55. The company has a market cap of C$8.43 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 1.73 and a beta of 1.53. Gildan Activewear has a twelve month low of C$35.76 and a twelve month high of C$49.06.

Wall Street Analyst Weigh In

GIL has been the subject of a number of recent analyst reports. National Bankshares raised their price objective on Gildan Activewear from C$48.00 to C$52.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Desjardins set a C$48.00 price objective on Gildan Activewear and gave the company a “buy” rating in a research report on Monday, October 30th. Stifel Nicolaus cut their price objective on Gildan Activewear from C$38.00 to C$35.00 and set a “buy” rating for the company in a research report on Friday, August 4th. National Bank Financial dropped their price target on Gildan Activewear from C$48.00 to C$46.00 in a report on Friday, August 4th. Finally, Royal Bank of Canada lifted their price target on Gildan Activewear from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd.

Insiders Place Their Bets

In other news, Senior Officer Michael Schroeder sold 9,558 shares of Gildan Activewear stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of C$33.57, for a total value of C$320,862.06. In related news, Senior Officer Benito Masi sold 20,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of C$33.08, for a total transaction of C$661,600.00. Also, Senior Officer Michael Schroeder sold 9,558 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of C$33.57, for a total value of C$320,862.06. Corporate insiders own 2.19% of the company’s stock.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.