Gildan Activewear Inc. (TSE:GIL) Receives Consensus Rating of “Buy” from Analysts

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has received an average recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$68.50.

A number of research firms recently commented on GIL. Desjardins boosted their price target on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Finally, National Bankshares boosted their target price on Gildan Activewear from C$78.00 to C$83.00 and gave the stock an “outperform” rating in a research note on Thursday.

Insider Transactions at Gildan Activewear

In other news, Senior Officer Benito Masi sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total transaction of C$693,102.00. Company insiders own 2.26% of the company’s stock.

Gildan Activewear Stock Down 1.3 %

GIL opened at C$77.04 on Tuesday. The company has a market capitalization of C$8.37 billion, a P/E ratio of 20.66, a P/E/G ratio of 4.55 and a beta of 1.64. The stock has a fifty day moving average of C$71.13 and a 200-day moving average of C$66.38. Gildan Activewear has a fifty-two week low of C$44.23 and a fifty-two week high of C$78.79. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $0.75 earnings per share. On average, equities analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year.

About Gildan Activewear

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.