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

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective increased by analysts at National Bankshares from C$78.00 to C$83.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 7.74% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Desjardins lifted their price objective on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Gildan Activewear currently has an average rating of “Buy” and an average price target of C$63.00.

Gildan Activewear Price Performance

Shares of GIL opened at C$77.04 on Thursday. The company has a market cap of C$8.37 billion, a P/E ratio of 20.66, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear has a fifty-two week low of C$44.23 and a fifty-two week high of C$78.79. 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’s 50 day moving average price is C$70.98 and its 200 day moving average price is C$66.23.

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

Insider Activity

In other news, Senior Officer Benito Masi sold 10,000 shares of the company’s stock in a transaction 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. Company insiders own 2.26% of the company’s stock.

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.