Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) reached a new 52-week high during trading on Thursday . The stock traded as high as C$42.13 and last traded at C$42.10, with a volume of 193234 shares. The stock had previously closed at C$41.51.
Several equities research analysts have commented on the company. Desjardins raised Gildan Activewear from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. National Bank Financial boosted their target price on Gildan Activewear from C$43.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Friday, August 3rd.
The company has a debt-to-equity ratio of 47.28, a current ratio of 5.06 and a quick ratio of 1.59.
In other news, Director Michael Hoffman sold 31,878 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of C$41.00, for a total transaction of C$1,306,998.00. Also, insider Peter Iliopoulos sold 11,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of C$41.41, for a total value of C$455,510.00. Over the last ninety days, insiders have sold 74,482 shares of company stock worth $3,044,682.
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About Gildan Activewear (TSE:GIL)
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.
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