Gildan Activewear (TSE:GIL) Posts Quarterly Earnings Results

Gildan Activewear (TSE:GIL) (NYSE:GIL) issued its quarterly earnings data on Thursday. The company reported C$1.31 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.41 billion for the quarter. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%.

Gildan Activewear Stock Down 4.2%

Gildan Activewear stock traded down C$4.12 during mid-day trading on Thursday, hitting C$93.41. 568,804 shares of the company’s stock were exchanged, compared to its average volume of 503,221. Gildan Activewear has a 1-year low of C$52.77 and a 1-year high of C$100.44. The stock has a 50 day moving average of C$91.20 and a two-hundred day moving average of C$83.81. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The stock has a market cap of C$17.30 billion, a P/E ratio of 30.04, a P/E/G ratio of 4.55 and a beta of 1.41.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GIL shares. Desjardins upped their target price on shares of Gildan Activewear from C$95.00 to C$108.00 and gave the company a “buy” rating in a report on Wednesday. TD Securities boosted their target price on shares of Gildan Activewear from C$74.00 to C$77.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Gildan Activewear currently has an average rating of “Buy” and an average price target of C$85.00.

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.