Brokerages Set Gildan Activewear Inc. (NYSE:GIL) Price Target at $53.35

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) has earned an average rating of “Buy” from the ten analysts that are presently covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $53.35.

Several equities research analysts have commented on GIL shares. Stifel Nicolaus boosted their price target on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. CIBC boosted 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. TD Securities raised their target price on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Citigroup upped their price target on Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Canaccord Genuity Group raised their price objective on Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

Gildan Activewear Stock Up 1.8 %

Shares of GIL stock opened at $52.48 on Monday. Gildan Activewear has a 1 year low of $32.23 and a 1 year high of $52.87. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.98 and a current ratio of 2.31. The business’s fifty day moving average is $48.83 and its 200-day moving average is $46.65. The stock has a market cap of $8.00 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.70 and a beta of 1.41.

Institutional Investors Weigh In On Gildan Activewear

A number of institutional investors have recently bought and sold shares of GIL. Fortis Group Advisors LLC lifted its stake in Gildan Activewear by 3.9% in the third quarter. Fortis Group Advisors LLC now owns 6,601 shares of the textile maker’s stock valued at $311,000 after acquiring an additional 246 shares during the last quarter. CWM LLC increased its holdings in shares of Gildan Activewear by 23.0% during the 3rd quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock worth $80,000 after purchasing an additional 318 shares during the period. Fifth Third Bancorp increased its stake in Gildan Activewear by 61.8% during the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 333 shares during the period. Cooper Financial Group raised its stake in shares of Gildan Activewear by 2.1% in the fourth quarter. Cooper Financial Group now owns 16,268 shares of the textile maker’s stock valued at $765,000 after purchasing an additional 340 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Gildan Activewear by 96.1% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock valued at $38,000 after buying an additional 397 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.