Brokerages Set Gildan Activewear Inc. (NYSE:GIL) Target Price at $53.35

Shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) have received a consensus rating of “Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $54.78.

Several equities research analysts recently commented on GIL shares. Citigroup lifted their target price on shares of Gildan Activewear from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price target on shares of Gildan Activewear from $47.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Canaccord Genuity Group increased their price objective on Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their target price on Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, TD Securities increased their price target on Gildan Activewear from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 2nd.

Institutional Trading of Gildan Activewear

Institutional investors and hedge funds have recently modified their holdings of the stock. Plato Investment Management Ltd bought a new stake in Gildan Activewear during the fourth quarter worth $28,000. Riverview Trust Co purchased a new position in Gildan Activewear during the 3rd quarter worth $29,000. Blue Trust Inc. grew its stake in shares of Gildan Activewear by 96.1% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock worth $38,000 after acquiring an additional 397 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Gildan Activewear by 61.8% in the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 333 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Gildan Activewear by 500.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 745 shares in the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Price Performance

Shares of GIL opened at $51.16 on Monday. The company has a quick ratio of 0.98, a current ratio of 2.31 and a debt-to-equity ratio of 0.81. The stock has a market cap of $7.80 billion, a PE ratio of 20.22, a PEG ratio of 1.71 and a beta of 1.41. Gildan Activewear has a 12-month low of $32.23 and a 12-month high of $53.28. The business has a 50-day simple moving average of $48.96 and a two-hundred day simple moving average of $46.86.

Gildan Activewear Company Profile

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.