Gildan Activewear Inc. (NYSE:GIL) Given Consensus Rating of “Buy” by Analysts

Shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) have been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $53.35.

Several brokerages have recently issued reports on GIL. Canaccord Genuity Group lifted their price objective on shares of Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. CIBC raised their target price on shares of Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup raised their target price on shares of Gildan Activewear from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus raised their target price on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, UBS Group upgraded shares of Gildan Activewear from a “neutral” rating to a “buy” rating and raised their target price for the stock from $50.00 to $60.00 in a report on Friday, January 10th.

Gildan Activewear Stock Performance

Shares of GIL opened at $51.65 on Monday. The firm’s 50 day moving average is $48.76 and its 200-day moving average is $46.43. The stock has a market capitalization of $7.88 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.70 and a beta of 1.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. Gildan Activewear has a 12-month low of $32.23 and a 12-month high of $52.87.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85. The company had revenue of $891.10 million for the quarter, compared to analysts’ expectations of $882.85 million. Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. Equities research analysts anticipate that Gildan Activewear will post 2.97 EPS for the current fiscal year.

Institutional Trading of Gildan Activewear

Several institutional investors have recently made changes to their positions in GIL. CIBC Asset Management Inc boosted its holdings in shares of Gildan Activewear by 545.1% during the fourth quarter. CIBC Asset Management Inc now owns 1,210,314 shares of the textile maker’s stock worth $57,403,000 after purchasing an additional 1,022,695 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Gildan Activewear during the third quarter worth approximately $24,262,000. Janus Henderson Group PLC boosted its holdings in shares of Gildan Activewear by 3.6% during the third quarter. Janus Henderson Group PLC now owns 6,841,572 shares of the textile maker’s stock worth $322,298,000 after purchasing an additional 240,375 shares during the period. Simcoe Capital Management LLC raised its position in Gildan Activewear by 10.5% during the third quarter. Simcoe Capital Management LLC now owns 2,387,865 shares of the textile maker’s stock valued at $112,492,000 after acquiring an additional 226,695 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in Gildan Activewear by 59.0% during the third quarter. Natixis Advisors LLC now owns 523,035 shares of the textile maker’s stock valued at $24,640,000 after acquiring an additional 194,128 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

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.