Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) hit a new 52-week high during trading on Wednesday . The company traded as high as C$42.76 and last traded at C$42.62, with a volume of 380280 shares trading hands. The stock had previously closed at C$42.15.
A number of equities research analysts have recently commented on GIL shares. National Bank Financial upped their target price on shares of Gildan Activewear from C$43.00 to C$46.00 and gave the company a “sector perform” rating in a report on Friday, August 3rd. Desjardins raised shares of Gildan Activewear from a “hold” rating to a “buy” rating in a report on Friday, November 2nd.
The company has a current ratio of 4.94, a quick ratio of 1.60 and a debt-to-equity ratio of 44.73.
In related news, Director Gonzalo Valdes-Fauli sold 3,000 shares of the stock in a transaction dated Monday, November 12th. The shares were sold at an average price of C$31.66, for a total transaction of C$94,980.00. Also, insider Benito Masi sold 31,604 shares of the stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of C$40.57, for a total transaction of C$1,282,174.28. Insiders sold 77,482 shares of company stock valued at $3,139,662 over the last ninety days.
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Gildan Activewear Company Profile (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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