Gildan Activewear (TSE:GIL) Price Target Raised to C$87.00 at Desjardins

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price increased by Desjardins from C$82.00 to C$87.00 in a research report released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

GIL has been the subject of several other research reports. UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. National Bankshares upped their target price on 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. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$63.00.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at C$78.09 on Thursday. The company has a market capitalization of C$8.48 billion, a PE ratio of 20.94, a P/E/G ratio of 4.55 and a beta of 1.64. The company has a 50-day simple moving average of C$70.98 and a two-hundred day simple moving average of C$66.23. Gildan Activewear has a one year low of C$44.23 and a one year high of C$78.12. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings data 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 period in the prior year, the company posted $0.75 EPS. Research analysts expect that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Insider Transactions at Gildan Activewear

In related news, Senior Officer Benito Masi sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total value of C$693,102.00. Insiders own 2.26% of the company’s stock.

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.