Gildan Activewear Inc. (TSE:GIL) Receives C$85.75 Average Target Price from Analysts

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$85.75.

Several research firms recently weighed in on GIL. TD Securities boosted their target price on Gildan Activewear from C$77.00 to C$80.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Desjardins raised 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 report on Wednesday, February 25th.

Gildan Activewear Stock Performance

TSE:GIL opened at C$91.57 on Friday. Gildan Activewear has a 12 month low of C$52.77 and a 12 month high of C$100.44. The company has a debt-to-equity ratio of 137.08, a current ratio of 2.11 and a quick ratio of 0.87. The firm has a market capitalization of C$16.96 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 4.55 and a beta of 1.41. The business’s fifty day moving average price is C$91.72 and its 200 day moving average price is C$84.46.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$1.31 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 20.25% and a net margin of 11.00%.The company had revenue of C$1.41 billion during the quarter. On average, sell-side analysts anticipate 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.