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

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 report published on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

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

Gildan Activewear Stock Up 1.8 %

Shares of GIL stock opened at C$78.09 on Thursday. Gildan Activewear has a twelve month low of C$44.23 and a twelve month high of C$78.12. The stock has a market cap of C$8.48 billion, a P/E ratio of 20.94, a P/E/G ratio of 4.55 and a beta of 1.64. The stock has a 50 day moving average of C$70.98 and a 200 day moving average of C$66.23. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, beating 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 quarter last year, the business posted $0.75 earnings per share. As a group, sell-side analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Benito Masi sold 10,000 shares of Gildan Activewear 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.