Gildan Activewear (TSE:GIL) Stock Price Expected to Rise, Desjardins Analyst Says

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective upped by Desjardins from C$82.00 to C$87.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 12.27% from the company’s previous close.

GIL has been the topic of a number of other research reports. National Bankshares upped their price target on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$63.00.

Gildan Activewear Trading Up 1.0 %

GIL traded up C$0.78 during trading on Thursday, reaching C$77.49. 156,942 shares of the stock traded hands, compared to its average volume of 306,990. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The stock has a market capitalization of C$8.41 billion, a PE ratio of 20.78, a P/E/G ratio of 4.55 and a beta of 1.64. The stock’s 50-day moving average is C$70.81 and its 200 day moving average is C$66.07. Gildan Activewear has a 12 month low of C$44.23 and a 12 month high of C$77.55.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, beating 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 EPS. Equities analysts anticipate that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Insider Buying and Selling

In related 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. 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.