Gildan Activewear Inc (GIL) Director Sells C$1,306,998.00 in Stock

Share on StockTwits

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) Director Michael Hoffman sold 31,878 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of C$41.00, for a total transaction of C$1,306,998.00.

GIL traded up C$0.53 during trading on Monday, reaching C$41.28. 594,536 shares of the stock traded hands, compared to its average volume of 618,511. Gildan Activewear Inc has a 12 month low of C$33.03 and a 12 month high of C$42.18.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Thursday, August 2nd. The company reported C$0.67 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.63 by C$0.04. The firm had revenue of C$986.29 million for the quarter, compared to the consensus estimate of C$946.47 million.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.112 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.45 annualized dividend and a dividend yield of 1.09%.

A number of brokerages have commented on GIL. National Bank Financial upped their price target on shares of Gildan Activewear from C$43.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Friday, August 3rd. Desjardins cut shares of Gildan Activewear from a “buy” rating to a “hold” rating and upped their price target for the company from C$41.50 to C$44.00 in a research report on Friday, August 3rd.

COPYRIGHT VIOLATION WARNING: This report was originally published by Macon Daily and is the property of of Macon Daily. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells a range of 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 company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

Featured Story: How is inflation measured?

Insider Buying and Selling by Quarter for Gildan Activewear (TSE:GIL)

Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with's FREE daily email newsletter.

Leave a Reply