Gildan Activewear Inc (TSE:GIL) (NYSE:GIL)’s share price reached a new 52-week high during mid-day 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 trading hands. The stock had previously closed at C$41.51.

Several equities analysts have recently issued reports on the company. National Bank Financial boosted their target price on Gildan Activewear from C$43.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Friday, August 3rd. Desjardins raised Gildan Activewear from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd.

The company has a quick ratio of 1.59, a current ratio of 5.06 and a debt-to-equity ratio of 47.28.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be paid 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 1.07%. Gildan Activewear’s dividend payout ratio (DPR) is presently 27.05%.

In related news, insider Peter Iliopoulos sold 11,000 shares of the company’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of C$41.41, for a total value of C$455,510.00. Also, insider Benito Masi sold 31,604 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of C$40.57, for a total value of C$1,282,174.28. Insiders have sold 74,482 shares of company stock worth $3,044,682 over the last three months.

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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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