Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) had its price target upped by analysts at National Bankshares from C$58.00 to C$68.00 in a note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 4.57% from the stock’s current price.
Several other equities research analysts have also commented on the stock. Desjardins raised their price target on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Citigroup raised their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. TD Securities raised their price target on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets upgraded shares of Gildan Activewear to a “strong-buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Gildan Activewear presently has a consensus rating of “Buy” and a consensus target price of C$56.00.
Read Our Latest Research Report on GIL
Gildan Activewear Stock Up 0.6 %
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$1.01 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.02. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. The business had revenue of C$1.18 billion for the quarter, compared to analysts’ expectations of C$1.17 billion. Sell-side analysts predict that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Rhodri Harries sold 32,500 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$61.20, for a total value of C$1,989,000.00. In other news, Senior Officer Jason De Haan sold 19,105 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$42.05, for a total transaction of C$803,365.25. Also, Senior Officer Rhodri Harries sold 32,500 shares of Gildan Activewear stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. Insiders have sold a total of 101,620 shares of company stock valued at $4,870,471 over the last three months. Company insiders own 2.26% of the company’s stock.
About Gildan Activewear
Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.
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