Gildan Activewear (NYSE:GIL) Price Target Raised to $64.00 at BMO Capital Markets

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL had its price target increased by research analysts at BMO Capital Markets from $58.00 to $64.00 in a note issued to investors on Thursday, MarketBeat reports. The brokerage currently has an "outperform" rating on the textile maker's stock. BMO Capital Markets' price target points to a potential upside of 18.13% from the company's current price.

Several other research firms have also issued reports on GIL. Stifel Nicolaus boosted their target price on shares of Gildan Activewear from $54.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. TD Securities increased their price objective on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Citigroup increased their price objective on shares of Gildan Activewear from $54.00 to $59.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Canaccord Genuity Group increased their price objective on shares of Gildan Activewear from $52.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, UBS Group raised shares of Gildan Activewear from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $50.00 to $60.00 in a research report on Friday, January 10th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $60.00.

Gildan Activewear Trading Down 1.7 %

Shares of Gildan Activewear stock traded down $0.91 during trading on Thursday, hitting $54.18. The company's stock had a trading volume of 541,031 shares, compared to its average volume of 531,689. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. Gildan Activewear has a 52 week low of $32.23 and a 52 week high of $55.39. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41. The stock has a 50-day moving average price of $49.47 and a two-hundred day moving average price of $47.54.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.30). The firm had revenue of $822.00 million during the quarter, compared to analyst estimates of $805.75 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 27.49%. Gildan Activewear's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS. Equities research analysts anticipate that Gildan Activewear will post 3.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Gildan Activewear

Several large investors have recently added to or reduced their stakes in the business. Syon Capital LLC lifted its position in Gildan Activewear by 3.9% in the 4th quarter. Syon Capital LLC now owns 6,524 shares of the textile maker's stock valued at $307,000 after acquiring an additional 242 shares in the last quarter. CWM LLC lifted its position in Gildan Activewear by 23.0% in the 3rd quarter. CWM LLC now owns 1,698 shares of the textile maker's stock valued at $80,000 after acquiring an additional 318 shares in the last quarter. Fifth Third Bancorp lifted its position in Gildan Activewear by 61.8% in the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker's stock valued at $41,000 after acquiring an additional 333 shares in the last quarter. Cooper Financial Group increased its stake in Gildan Activewear by 2.1% in the 4th quarter. Cooper Financial Group now owns 16,268 shares of the textile maker's stock valued at $765,000 after buying an additional 340 shares during the last quarter. Finally, Huntington National Bank increased its stake in Gildan Activewear by 16.4% in the 4th quarter. Huntington National Bank now owns 2,803 shares of the textile maker's stock valued at $132,000 after buying an additional 395 shares during the last quarter. Institutional investors own 82.83% of the company's stock.

Gildan Activewear Company Profile

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.