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

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price raised by analysts at National Bankshares from C$78.00 to C$83.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 7.11% from the company’s previous close.

GIL has been the topic of a number of other reports. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Desjardins boosted their price objective on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$63.00.

Gildan Activewear Trading Up 1.0 %

Shares of GIL stock traded up C$0.78 during trading hours on Thursday, reaching C$77.49. 156,942 shares of the stock traded hands, compared to its average volume of 306,990. Gildan Activewear has a 1-year low of C$44.23 and a 1-year high of C$77.55. The business has a fifty day moving average price of C$70.81 and a 200 day moving average price of C$66.07. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The firm has a market capitalization of C$8.41 billion, a PE ratio of 20.78, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share (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 quarter last year, the company earned $0.75 EPS. On average, equities research analysts forecast that Gildan Activewear will post 4.5460385 EPS for the current year.

Insiders Place Their Bets

In other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total value of C$693,102.00. 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.