Gildan Activewear Inc (GIL) Receives C$39.21 Consensus Price Target from Brokerages
Shares of Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) have earned an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$39.21.
GIL has been the subject of a number of recent research reports. BMO Capital Markets cut their price objective on Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating for the company in a research report on Friday, November 3rd. Stifel Nicolaus increased their price objective on Gildan Activewear from C$34.00 to C$37.00 in a research report on Friday, December 15th. Finally, National Bank Financial increased their price objective on Gildan Activewear from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd.
In other news, Director Michael Hoffman sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$38.41, for a total value of C$1,152,300.00. Also, insider Jonathan Roiter sold 12,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of C$38.80, for a total transaction of C$465,600.00. Insiders sold 99,136 shares of company stock valued at $3,813,615 in the last 90 days.
Shares of Gildan Activewear (GIL) traded up C$0.63 during trading hours on Monday, hitting C$40.79. The stock had a trading volume of 414,121 shares, compared to its average volume of 333,835. Gildan Activewear has a one year low of C$30.97 and a one year high of C$42.18. The firm has a market cap of $8,960.00, a P/E ratio of 19.52 and a beta of 0.37.
Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Thursday, November 2nd. The company reported C$0.67 EPS for the quarter, beating analysts’ consensus estimates of C$0.65 by C$0.02. Gildan Activewear had a return on equity of 22.37% and a net margin of 16.21%.
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Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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