Gildan Activewear (TSE:GIL) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$77.37 and traded as high as C$78.20. Gildan Activewear shares last traded at C$76.73, with a volume of 552,749 shares.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised their target price on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$88.00.

Gildan Activewear Price Performance

The company has a debt-to-equity ratio of 147.07, a current ratio of 2.35 and a quick ratio of 0.87. The firm has a 50-day simple moving average of C$77.37 and a 200 day simple moving average of C$83.03. The firm has a market cap of C$14.21 billion, a PE ratio of 45.40, a price-to-earnings-growth ratio of 4.55 and a beta of 1.50.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.60 earnings per share for the quarter. The business had revenue of C$1.62 billion for the quarter. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. As a group, equities analysts expect that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.

Gildan Activewear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is currently 54.85%.

Insiders Place Their Bets

In other Gildan Activewear news, Director Deepak Kumar Khandelwal acquired 5,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of C$79.80 per share, with a total value of C$399,000.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at C$399,000. The trade was a ∞ increase in their position. 2.26% of the stock is currently owned by insiders.

About Gildan Activewear

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. 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.