Michael Hoffman Sells 30,000 Shares of Gildan Activewear Inc (GIL) Stock
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) Director Michael Hoffman sold 30,000 shares of Gildan Activewear stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of C$38.41, for a total value of C$1,152,300.00.
Gildan Activewear Inc (TSE:GIL) traded down C$0.09 during trading hours on Wednesday, reaching C$38.32. The company had a trading volume of 332,010 shares, compared to its average volume of 699,232. Gildan Activewear Inc has a fifty-two week low of C$30.97 and a fifty-two week high of C$42.18.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be paid a $0.121 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.26%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, November 15th. Gildan Activewear’s dividend payout ratio (DPR) is 16.83%.
COPYRIGHT VIOLATION NOTICE: “Michael Hoffman Sells 30,000 Shares of Gildan Activewear Inc (GIL) Stock” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/15/michael-hoffman-sells-30000-shares-of-gildan-activewear-inc-gil-stock.html.
GIL has been the topic of a number of analyst reports. National Bank Financial lifted their target price on Gildan Activewear from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a C$34.00 target price on shares of Gildan Activewear in a research report on Friday, August 4th. Finally, TD Securities lowered Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 target price on the stock. in a research report on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Gildan Activewear presently has a consensus rating of “Hold” and a consensus price target of C$39.58.
About Gildan Activewear
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.
Receive News & Ratings for Gildan Activewear Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear Inc and related companies with MarketBeat.com's FREE daily email newsletter.