Desjardins Increases Gildan Activewear (TSE:GIL) Price Target to C$87.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target boosted by analysts at Desjardins from C$82.00 to C$87.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 12.93% from the stock’s current price. Desjardins also issued estimates for Gildan Activewear’s Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.29 EPS, FY2025 earnings at $4.97 EPS and FY2026 earnings at $5.58 EPS.

Other equities research analysts have also recently issued research reports about the stock. National Bankshares upped their price objective on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Gildan Activewear currently has an average rating of “Buy” and an average target price of C$63.00.

Gildan Activewear Stock Performance

Shares of GIL opened at C$77.04 on Thursday. Gildan Activewear has a one year low of C$44.23 and a one year high of C$78.79. The company has a 50-day simple moving average of C$70.98 and a two-hundred day simple moving average of C$66.23. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. The firm has a market capitalization of C$8.37 billion, a PE ratio of 20.66, a price-to-earnings-growth 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 for the quarter, beating 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 last year, the firm earned $0.75 EPS. On average, analysts anticipate that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total value of C$693,102.00. 2.26% of the stock is currently owned by insiders.

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.