Gildan Activewear (TSE:GIL) Given a C$83.00 Price Target by National Bankshares Analysts

Gildan Activewear (TSE:GIL) (NYSE:GIL) has been given a C$83.00 price objective by research analysts at National Bankshares in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 24.85% from the company’s current price.

Several other research analysts have also weighed in on the company. UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Desjardins increased their price objective on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$68.50.

Gildan Activewear Stock Up 0.3 %

GIL stock traded up C$0.18 during mid-day trading on Wednesday, hitting C$66.48. The stock had a trading volume of 127,375 shares, compared to its average volume of 363,358. 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 has a 1-year low of C$44.23 and a 1-year high of C$79.11. The company has a fifty day moving average of C$72.80 and a 200 day moving average of C$68.37. The stock has a market capitalization of C$7.22 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, topping the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. During the same period last year, the company posted $0.75 EPS. On average, equities analysts expect that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Senior Officer Michael Schroeder sold 4,184 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of C$74.31, for a total value of C$310,923.50. Following the completion of the sale, the insider now owns 51 shares in the company, valued at approximately C$3,789.94. This trade represents a 98.80 % decrease in their position. Also, Senior Officer Rhodri Harries sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of C$78.08, for a total value of C$7,808,000.00. Insiders sold a total of 110,144 shares of company stock worth $8,568,586 in the last 90 days. 2.26% of the stock is 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.