Gildan Activewear Inc. (TSE:GIL) Receives C$57.20 Average Price Target from Analysts

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have been given an average recommendation of “Buy” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$68.50.

Several equities analysts have issued reports on the company. National Bankshares boosted their price target on Gildan Activewear from C$78.00 to C$83.00 and gave the company an “outperform” rating in a research note on Thursday. Desjardins boosted their price target on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday. Finally, UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th.

Gildan Activewear Stock Performance

Shares of GIL stock opened at C$77.04 on Tuesday. The business’s 50 day simple moving average is C$71.13 and its 200 day simple moving average is C$66.38. Gildan Activewear has a one year low of C$44.23 and a one year high of C$78.79. The stock has a market capitalization of C$8.37 billion, a PE ratio of 20.66, a PEG ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87.

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

Insider Transactions at Gildan Activewear

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

About Gildan Activewear

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.