Gildan Activewear (TSE:GIL) Price Target Raised to C$74.00

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL had its price target increased by equities research analysts at National Bankshares from C$68.00 to C$74.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price would indicate a potential upside of 6.80% from the stock's previous close.

A number of other equities analysts also recently commented on the stock. TD Securities raised their target price on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Desjardins lifted their price target on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. BMO Capital Markets raised Gildan Activewear to a "strong-buy" rating in a research report on Friday, August 2nd. Finally, Citigroup lifted their price objective on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$57.20.

Gildan Activewear Stock Performance

Shares of TSE GIL traded up C$1.15 during mid-day trading on Friday, hitting C$69.29. 410,285 shares of the company were exchanged, compared to its average volume of 364,189. The firm has a market cap of C$11.27 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The stock has a 50 day simple moving average of C$62.88 and a 200-day simple moving average of C$55.40. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. Gildan Activewear has a 1-year low of C$39.60 and a 1-year high of C$69.64.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last released its quarterly earnings data on Thursday, August 1st. The company reported C$1.01 earnings per share for the quarter, beating the consensus estimate of C$0.99 by C$0.02. The firm had revenue of C$1.18 billion during the quarter, compared to the consensus estimate of C$1.17 billion. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. On average, sell-side analysts forecast that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Rhodri Harries sold 32,500 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$61.20, for a total value of C$1,989,000.00. In other Gildan Activewear news, Senior Officer Rhodri Harries sold 32,500 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. Also, Senior Officer Jason De Haan sold 19,105 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$42.05, for a total transaction of C$803,365.25. Insiders have sold a total of 101,620 shares of company stock valued at $4,870,471 over the last three months. Company insiders own 2.26% of the company's stock.

About Gildan Activewear

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.