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

Shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) have earned an average recommendation of “Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $53.35.

A number of brokerages recently issued reports on GIL. CIBC increased their target price on shares of Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. UBS Group upgraded shares of Gildan Activewear from a “neutral” rating to a “buy” rating and lifted their target price for the company from $50.00 to $60.00 in a research note on Friday, January 10th. Canaccord Genuity Group increased their price target on Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Securities lifted their price objective on Gildan Activewear from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Stifel Nicolaus boosted their price objective on Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

Institutional Trading of Gildan Activewear

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in Gildan Activewear in the third quarter valued at about $29,000. Blue Trust Inc. boosted its stake in 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 purchasing an additional 397 shares during the period. Fifth Third Bancorp raised its position in Gildan Activewear by 61.8% in the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after buying an additional 333 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Gildan Activewear by 899.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 908 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Gildan Activewear by 561.9% in the 4th quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker’s stock valued at $67,000 after buying an additional 1,208 shares during the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Performance

Gildan Activewear stock opened at $52.48 on Monday. Gildan Activewear has a 52-week low of $32.23 and a 52-week high of $52.87. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. The stock has a fifty day moving average price of $48.83 and a two-hundred day moving average price of $46.65. The firm has a market capitalization of $8.00 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.70 and a beta of 1.41.

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.