TD Securities Issues Positive Forecast for Gildan Activewear (TSE:GIL) Stock Price

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price increased by TD Securities from C$77.00 to C$80.00 in a report published on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, Desjardins boosted their price objective on shares of Gildan Activewear from C$95.00 to C$108.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$85.75.

Gildan Activewear Trading Down 1.7%

Shares of Gildan Activewear stock traded down C$1.58 on Friday, hitting C$92.97. The stock had a trading volume of 1,023,707 shares, compared to its average volume of 530,751. The stock has a 50 day moving average of C$91.42 and a 200 day moving average of C$84.04. The firm has a market capitalization of C$17.21 billion, a P/E ratio of 29.89, a PEG ratio of 4.55 and a beta of 1.41. Gildan Activewear has a twelve month low of C$52.77 and a twelve month high of C$100.44. 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 posted its earnings results on Thursday, February 26th. The company reported C$1.31 earnings per share for the quarter. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. The firm had revenue of C$1.41 billion for the quarter. Sell-side analysts expect that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Company Profile

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.