Gildan Activewear (TSE:GIL) Price Target Raised to C$83.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price raised by investment analysts at National Bankshares from C$78.00 to C$83.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 7.11% from the stock’s previous close.

Several other research analysts have also commented on the stock. Desjardins lifted their price target on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Gildan Activewear has a consensus rating of “Buy” and an average target price of C$63.00.

Gildan Activewear Stock Up 1.0 %

Shares of GIL traded up C$0.78 during midday trading on Thursday, hitting C$77.49. The company had a trading volume of 156,942 shares, compared to its average volume of 306,990. The company’s 50 day moving average price is C$70.81 and its 200 day moving average price is C$66.07. The stock has a market cap of C$8.41 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 52 week low of C$44.23 and a 52 week high of C$77.55. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. During the same period last year, the firm posted $0.75 earnings per share. On average, equities research analysts predict that Gildan Activewear will post 4.5460385 EPS for the current year.

Insider Transactions at Gildan Activewear

In other news, Senior Officer Benito Masi sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total value of C$693,102.00. Company insiders own 2.26% of the company’s stock.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.