Gildan Activewear Inc. (TSE:GIL) Receives Average Rating of “Buy” from Brokerages

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have received an average rating of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$68.50.

Several analysts have recently issued reports on the company. National Bankshares upped their price target on Gildan Activewear from C$78.00 to C$83.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Desjardins increased their target price on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th.

Insider Activity at Gildan Activewear

In related news, Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total transaction of C$693,102.00. 2.26% of the stock is owned by corporate insiders.

Gildan Activewear Stock Performance

GIL opened at C$77.17 on Tuesday. The company has a market cap of C$8.38 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The stock has a 50-day moving average of C$71.29 and a 200-day moving average of C$66.54. Gildan Activewear has a 52-week low of C$44.23 and a 52-week high of C$78.79. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31.

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, topping the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, equities research analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Company Profile

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.