National Bankshares Forecasts Strong Price Appreciation for Gildan Activewear (TSE:GIL) Stock

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL had its target price lifted by National Bankshares from C$78.00 to C$83.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target suggests a potential upside of 7.74% from the stock's previous close.

Several other equities analysts have also commented on GIL. UBS Group upgraded Gildan Activewear from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 10th. Desjardins increased their target price 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. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Gildan Activewear currently has an average rating of "Buy" and an average price target of C$63.00.

Gildan Activewear Price Performance

Shares of GIL traded down C$1.05 on Thursday, reaching C$77.04. The stock had a trading volume of 481,087 shares, compared to its average volume of 320,685. The firm has a 50-day moving average of C$70.98 and a 200 day moving average of C$66.23. The firm 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. Gildan Activewear has a twelve month low of C$44.23 and a twelve month high of C$78.79. 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 - Get Free Report) NYSE: GIL last announced its earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share (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 previous year, the company earned $0.75 earnings per share. Sell-side analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year.

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total transaction 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.