Gildan Activewear (NYSE:GIL) Stock Price Expected to Rise, UBS Group Analyst Says

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its target price hoisted by research analysts at UBS Group from $60.00 to $69.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. UBS Group’s price objective suggests a potential upside of 27.78% from the stock’s previous close.

GIL has been the topic of several other reports. CIBC increased their price objective on Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Canaccord Genuity Group increased their price objective on Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price objective on Gildan Activewear from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets increased their target price on Gildan Activewear from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Citigroup increased their target price on Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 1st. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $56.44.

Gildan Activewear Price Performance

NYSE GIL traded up $0.10 during trading on Thursday, reaching $54.00. The company’s stock had a trading volume of 45,370 shares, compared to its average volume of 510,216. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. The stock has a market capitalization of $8.21 billion, a PE ratio of 21.34, a P/E/G ratio of 1.71 and a beta of 1.41. The firm has a fifty day moving average of $49.34 and a 200 day moving average of $47.48. Gildan Activewear has a one year low of $32.23 and a one year high of $54.39.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.30). The firm had revenue of $822.00 million for the quarter, compared to the consensus estimate of $805.75 million. Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. Gildan Activewear’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. Analysts expect that Gildan Activewear will post 2.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Gildan Activewear

Several institutional investors and hedge funds have recently bought and sold shares of GIL. Plato Investment Management Ltd purchased a new stake in Gildan Activewear in the 4th quarter worth approximately $28,000. Blue Trust Inc. lifted its holdings in Gildan Activewear by 96.1% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock worth $38,000 after buying an additional 397 shares during the period. Fifth Third Bancorp lifted its holdings in Gildan Activewear by 61.8% in the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock worth $41,000 after buying an additional 333 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Gildan Activewear by 500.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker’s stock worth $42,000 after buying an additional 745 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in Gildan Activewear by 899.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock worth $47,000 after buying an additional 908 shares during the period. Hedge funds and other institutional investors own 82.83% of the company’s stock.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.