Gildan Activewear (TSE:GIL) Given a C$83.00 Price Target by National Bankshares Analysts

Gildan Activewear (TSE:GIL) (NYSE:GIL) has been assigned a C$83.00 price target by equities research analysts at National Bankshares in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 26.02% from the company’s previous close.

A number of other brokerages also recently weighed in on GIL. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Desjardins upped their price target on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$68.50.

Gildan Activewear Stock Performance

GIL stock opened at C$65.86 on Wednesday. The company has a market capitalization of C$7.15 billion, a P/E ratio of 17.66, a PEG ratio of 4.55 and a beta of 1.64. The company has a 50-day simple moving average of C$72.76 and a 200 day simple moving average of C$68.46. Gildan Activewear has a fifty-two week low of C$44.23 and a fifty-two week high of C$79.11. 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 Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, topping the consensus estimate 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 prior year, the company earned $0.75 earnings per share. Sell-side analysts predict that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gildan Activewear news, Senior Officer Rhodri Harries sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of C$78.08, for a total transaction of C$7,808,000.00. Also, Senior Officer Michael Schroeder sold 4,299 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total value of C$335,428.68. In the last quarter, insiders have sold 110,144 shares of company stock worth $8,568,586. Company insiders own 2.26% of the company’s stock.

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.