Stifel Nicolaus Boosts Gildan Activewear (NYSE:GIL) Price Target to $54.00

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price objective boosted by equities research analysts at Stifel Nicolaus from $51.00 to $54.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 15.36% from the stock’s current price.

GIL has been the topic of several other reports. BMO Capital Markets upped their price target on Gildan Activewear from $43.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Royal Bank of Canada upped their target price on Gildan Activewear from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.77.

Gildan Activewear Stock Down 0.3 %

Shares of NYSE:GIL opened at $46.81 on Thursday. The firm has a market cap of $7.76 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.77 and a beta of 1.43. The company has a fifty day simple moving average of $43.64 and a 200 day simple moving average of $39.20. The company has a current ratio of 2.35, a quick ratio of 0.97 and a debt-to-equity ratio of 0.55. Gildan Activewear has a 12-month low of $27.24 and a 12-month high of $47.75.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, August 1st. The textile maker reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Gildan Activewear had a net margin of 13.01% and a return on equity of 24.96%. The company had revenue of $862.20 million during the quarter, compared to the consensus estimate of $851.10 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The company’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Gildan Activewear will post 2.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Natixis acquired a new stake in shares of Gildan Activewear during the first quarter worth $51,000. Cullen Frost Bankers Inc. purchased a new stake in Gildan Activewear during the second quarter valued at about $51,000. Tobam purchased a new stake in Gildan Activewear during the second quarter valued at about $53,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Gildan Activewear by 16.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the textile maker’s stock worth $66,000 after buying an additional 274 shares during the period. Finally, UniSuper Management Pty Ltd increased its position in shares of Gildan Activewear by 69.2% in the first quarter. UniSuper Management Pty Ltd now owns 2,200 shares of the textile maker’s stock worth $82,000 after acquiring an additional 900 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

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.