Several analysts have recently updated their ratings and price targets for Gildan Activewear (TSE: GIL):
- 8/6/2024 – Gildan Activewear had its price target raised by analysts at Desjardins from C$63.00 to C$67.00. They now have a “buy” rating on the stock.
- 8/2/2024 – Gildan Activewear was upgraded by analysts at BMO Capital Markets to a “strong-buy” rating.
- 8/2/2024 – Gildan Activewear had its price target raised by analysts at National Bankshares, Inc. from C$57.00 to C$58.00. They now have an “outperform” rating on the stock.
- 8/2/2024 – Gildan Activewear had its price target raised by analysts at TD Securities from C$46.00 to C$50.00. They now have a “buy” rating on the stock.
- 7/31/2024 – Gildan Activewear had its price target raised by analysts at Desjardins from C$55.00 to C$63.00. They now have a “buy” rating on the stock.
Gildan Activewear Price Performance
The stock has a market cap of C$9.35 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a 1 year low of C$36.42 and a 1 year high of C$58.46. The stock has a 50 day simple moving average of C$54.29 and a 200-day simple moving average of C$50.37. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52.
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last posted its earnings results on Thursday, August 1st. The company reported C$1.01 earnings per share (EPS) for the quarter, beating 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 firm had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion. On average, research analysts expect that Gildan Activewear Inc. will post 4.2801183 EPS for the current fiscal year.
Gildan Activewear Increases Dividend
Insider Buying and Selling
In other news, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of C$37.06, for a total transaction of C$161,200.13. In other Gildan Activewear news, Senior Officer Jason De Haan sold 19,105 shares of the 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 Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of Gildan Activewear stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$37.06, for a total transaction of C$161,200.13. Over the last 90 days, insiders have sold 102,168 shares of company stock worth $4,161,893. 2.26% of the stock is owned by insiders.
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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