Gildan Activewear (NYSE:GIL) Stock Price Expected to Rise, UBS Group Analyst Says

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price objective increased by investment analysts at UBS Group from $60.00 to $69.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. UBS Group’s target price suggests a potential upside of 27.78% from the stock’s current price.

A number of other research firms have also commented on GIL. Citigroup lifted their target price on Gildan Activewear from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 1st. CIBC lifted their target price on Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their target price on Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Canaccord Genuity Group lifted their target price on Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, TD Securities lifted their target price on Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Gildan Activewear presently has a consensus rating of “Buy” and a consensus price target of $56.44.

Gildan Activewear Stock Up 0.2 %

GIL stock traded up $0.10 on Thursday, reaching $54.00. 45,370 shares of the company traded hands, compared to its average volume of 510,216. Gildan Activewear has a one year low of $32.23 and a one year high of $54.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. The company has a market cap of $8.21 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. The firm has a fifty day simple moving average of $49.34 and a 200-day simple moving average of $47.48.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30). Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. The company had revenue of $822.00 million for the quarter, compared to the consensus estimate of $805.75 million. During the same period last year, the business earned $0.75 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that Gildan Activewear will post 2.97 earnings per share for the current year.

Institutional Trading of Gildan Activewear

Large investors have recently modified their holdings of the company. Syon Capital LLC lifted its position in Gildan Activewear by 3.9% during the fourth quarter. Syon Capital LLC now owns 6,524 shares of the textile maker’s stock valued at $307,000 after purchasing an additional 242 shares in the last quarter. CWM LLC lifted its position in Gildan Activewear by 23.0% during the third quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 318 shares in the last quarter. Fifth Third Bancorp lifted its position in Gildan Activewear by 61.8% during the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 333 shares in the last quarter. Cooper Financial Group lifted its position in Gildan Activewear by 2.1% during the fourth quarter. Cooper Financial Group now owns 16,268 shares of the textile maker’s stock valued at $765,000 after purchasing an additional 340 shares in the last quarter. Finally, Huntington National Bank lifted its position in Gildan Activewear by 16.4% during the fourth quarter. Huntington National Bank now owns 2,803 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 82.83% 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.