Gildan Activewear (TSE:GIL) Price Target Raised to C$108.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target lifted by Desjardins from C$95.00 to C$108.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, TD Securities boosted their price target on shares of Gildan Activewear from C$74.00 to C$77.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Gildan Activewear presently has a consensus rating of “Buy” and an average target price of C$85.75.

Gildan Activewear Trading Down 1.7%

TSE:GIL opened at C$92.97 on Wednesday. The stock has a fifty day simple moving average of C$91.42 and a 200 day simple moving average of C$84.04. The firm has a market capitalization of C$17.21 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 4.55 and a beta of 1.41. Gildan Activewear has a 1-year low of C$52.77 and a 1-year high of C$100.44. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$1.31 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%.The firm had revenue of C$1.41 billion for the quarter. Sell-side analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current year.

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.