Gildan Activewear (TSE:GIL) Given New C$83.00 Price Target at National Bankshares

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective hoisted by National Bankshares from C$78.00 to C$83.00 in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also issued reports on GIL. Desjardins increased their price target on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group upgraded shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$63.00.

Gildan Activewear Price Performance

Shares of TSE:GIL opened at C$78.09 on Thursday. The company’s fifty day moving average price is C$70.98 and its 200-day moving average price is C$66.23. The firm has a market capitalization of C$8.48 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 4.55 and a beta of 1.64. 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 current ratio of 2.31 and a quick ratio of 0.87.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly 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 in the previous year, the company posted $0.75 earnings per share. On average, equities research analysts anticipate that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Insider Buying and Selling at Gildan Activewear

In other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction that occurred on 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 owned by corporate 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.