National Bankshares Forecasts Strong Price Appreciation for Gildan Activewear (TSE:GIL) Stock

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target increased by investment analysts at National Bankshares from C$78.00 to C$83.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 7.74% from the company’s previous close.

Several other research firms have also recently commented on GIL. UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Desjardins raised their target price on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the stock a “buy” rating in a research note on Thursday. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Gildan Activewear currently has a consensus rating of “Buy” and an average target price of C$63.00.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at C$77.04 on Thursday. The stock has a market capitalization of C$8.37 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 4.55 and a beta of 1.64. The firm’s fifty day simple moving average is C$70.98 and its 200-day simple moving average is C$66.23. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. Gildan Activewear has a 12 month low of C$44.23 and a 12 month high of C$78.79.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its 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 net margin of 13.05% and a return on equity of 23.10%. During the same period in the previous year, the business earned $0.75 earnings per share. As a group, equities analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Insider Transactions at Gildan Activewear

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

Gildan Activewear Company Profile

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.