National Bankshares Has Lowered Expectations for Gildan Activewear (TSE:GIL) Stock Price

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL had its target price lowered by equities researchers at National Bankshares from C$83.00 to C$72.00 in a report issued on Monday,BayStreet.CA reports. National Bankshares' target price indicates a potential upside of 22.26% from the company's previous close.

GIL has been the topic of several other research reports. Desjardins raised their price objective 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, February 20th. UBS Group upgraded shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$65.75.

Gildan Activewear Stock Performance

TSE:GIL opened at C$58.89 on Monday. Gildan Activewear has a 52-week low of C$44.23 and a 52-week high of C$79.11. The firm has a market cap of C$6.39 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The business's fifty day moving average is C$65.23 and its 200 day moving average is C$67.84.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last posted its earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $0.75 EPS. Research analysts predict that Gildan Activewear will post 4.5460385 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Michael Schroeder sold 4,184 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of C$74.31, for a total transaction of C$310,923.50. Following the completion of the transaction, the insider now directly owns 51 shares in the company, valued at C$3,789.94. This trade represents a 98.80 % decrease in their ownership of the stock. Also, Senior Officer Rhodri Harries sold 100,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of C$78.08, for a total transaction of C$7,808,000.00. In the last 90 days, insiders sold 110,144 shares of company stock worth $8,568,586. 2.26% of the stock is currently owned by company insiders.

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.