Gildan Activewear (TSE:GIL) Releases Earnings Results, Beats Expectations By $0.01 EPS

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL posted its earnings results on Wednesday. The company reported C$0.83 earnings per share for the quarter, beating the consensus estimate of C$0.82 by C$0.01, RTT News reports. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. During the same quarter last year, the business posted $0.75 EPS.

Gildan Activewear Stock Down 1.3 %

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

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. National Bankshares lifted their target price on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the company an "outperform" rating in a report on Thursday. Desjardins boosted their price objective on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the stock a "buy" rating in a report on Thursday. Finally, UBS Group upgraded shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$63.00.

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.