Separately, Desjardins raised shares of Gildan Activewear from a hold rating to a buy rating in a research note on Friday, November 2nd.
Shares of TSE:GIL opened at C$44.54 on Monday. Gildan Activewear has a 52 week low of C$33.03 and a 52 week high of C$44.55. The company has a debt-to-equity ratio of 44.73, a current ratio of 4.94 and a quick ratio of 1.60.
In other Gildan Activewear news, Director Michael Hoffman sold 31,878 shares of Gildan Activewear stock in a transaction on Friday, November 2nd. The shares were sold at an average price of C$41.00, for a total value of C$1,306,998.00. Also, Director Maryse Bertrand acquired 1,200 shares of the company’s stock in a transaction on Wednesday, November 21st. The stock was acquired at an average cost of C$41.40 per share, with a total value of C$49,680.00. Insiders sold a total of 77,482 shares of company stock valued at $3,139,662 over the last three months.
About Gildan Activewear
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.
Further Reading: When is a capital gain realized?
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 MarketBeat.com's FREE daily email newsletter.