Brokerages Set Gildan Activewear Inc. (TSE:GIL) Price Target at C$57.20

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL has earned an average rating of "Buy" from the seven analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$63.00.

GIL has been the topic of a number of analyst reports. National Bankshares lifted their target price on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the stock an "outperform" rating in a research note on Thursday. UBS Group upgraded shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 10th. Finally, 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 research report on Thursday.

Gildan Activewear Trading Down 1.3 %

GIL stock traded down C$1.05 during trading on Tuesday, reaching C$77.04. 481,087 shares of the stock were exchanged, compared to its average volume of 320,685. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The business has a 50 day moving average price of C$70.98 and a 200-day moving average price of C$66.23. Gildan Activewear has a 1 year low of C$44.23 and a 1 year high of C$78.79. The firm has a market capitalization of C$8.37 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last issued its earnings results on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the firm earned $0.75 EPS. On average, research analysts predict that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Insider Transactions at Gildan Activewear

In related news, Senior Officer Benito Masi sold 10,000 shares of the company's stock in a transaction 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. 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.