Gildan Activewear (TSE:GIL) PT Lowered to C$46.00

Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) had its price objective lowered by National Bank Financial from C$48.00 to C$46.00 in a research note issued to investors on Friday, FlyOnTheWall reports. National Bank Financial’s target price indicates a potential upside of 11.35% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Desjardins decreased their target price on shares of Gildan Activewear from C$52.00 to C$48.00 and set a “buy” rating for the company in a research report on Friday. Stifel Nicolaus decreased their target price on shares of Gildan Activewear from C$38.00 to C$35.00 and set a “buy” rating for the company in a research report on Friday. National Bankshares decreased their target price on shares of Gildan Activewear from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Royal Bank of Canada decreased their target price on shares of Gildan Activewear from C$40.00 to C$36.00 and set an “outperform” rating for the company in a research report on Friday.

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Gildan Activewear Stock Up 2.6 %

Shares of GIL stock opened at C$41.31 on Friday. The firm has a fifty day moving average of C$40.90 and a 200-day moving average of C$41.59. The company has a quick ratio of 0.87, a current ratio of 3.08 and a debt-to-equity ratio of 65.18. Gildan Activewear has a 12-month low of C$35.76 and a 12-month high of C$46.20. The company has a market capitalization of C$7.36 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.73 and a beta of 1.49.

Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported C$0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.69 by C($0.08). Gildan Activewear had a return on equity of 26.23% and a net margin of 15.55%. The company had revenue of C$950.53 million for the quarter, compared to the consensus estimate of C$962.24 million. As a group, equities research analysts predict that Gildan Activewear will post 3.9643202 earnings per share for the current fiscal year.

Insider Transactions at Gildan Activewear

In other news, Senior Officer Benito Masi sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of C$29.81, for a total transaction of C$298,146.00. 2.19% of the stock is currently owned by corporate insiders.

Gildan Activewear Company Profile

(Get Free Report)

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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.

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