Gildan Activewear Inc. (NYSE:GIL) Receives $45.68 Consensus Price Target from Analysts

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $45.68.

A number of research analysts recently commented on GIL shares. Royal Bank of Canada upped their price objective on Gildan Activewear from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. BMO Capital Markets raised their price objective on shares of Gildan Activewear from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus boosted their price target on shares of Gildan Activewear from $51.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, TD Securities upped their price target on Gildan Activewear from $50.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, October 16th.

Institutional Investors Weigh In On Gildan Activewear

Several large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gildan Activewear in the 1st quarter valued at approximately $692,000. Canada Pension Plan Investment Board lifted its stake in shares of Gildan Activewear by 16.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 563,498 shares of the textile maker’s stock worth $20,933,000 after buying an additional 78,338 shares during the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in Gildan Activewear during the first quarter worth approximately $5,570,000. Boston Partners boosted its stake in Gildan Activewear by 217.3% in the 1st quarter. Boston Partners now owns 357,910 shares of the textile maker’s stock valued at $13,281,000 after purchasing an additional 245,119 shares during the period. Finally, Bridges Investment Management Inc. acquired a new position in shares of Gildan Activewear in the second quarter valued at about $1,425,000. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Down 0.4 %

NYSE GIL opened at $48.37 on Friday. The business has a 50 day moving average price of $46.17 and a two-hundred day moving average price of $40.71. The stock has a market cap of $8.01 billion, a PE ratio of 16.34, a P/E/G ratio of 1.78 and a beta of 1.43. Gildan Activewear has a fifty-two week low of $27.86 and a fifty-two week high of $48.96. The company has a quick ratio of 0.97, a current ratio of 2.35 and a debt-to-equity ratio of 0.55.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Thursday, August 1st. The textile maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $862.20 million for the quarter, compared to analyst estimates of $851.10 million. Gildan Activewear had a net margin of 13.01% and a return on equity of 24.96%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS. As a group, sell-side analysts predict that Gildan Activewear will post 2.93 EPS for the current fiscal year.

Gildan Activewear Company Profile

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.