National Bankshares Lowers Gildan Activewear (TSE:GIL) Price Target to C$46.00

Posted by on Aug 6th, 2023

Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) had its target price decreased by National Bankshares from C$48.00 to C$46.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 11.35% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Desjardins cut their price target on shares of Gildan Activewear from C$52.00 to C$48.00 and set a “buy” rating on the stock in a research note on Friday. Royal Bank of Canada cut their price target on shares of Gildan Activewear from C$40.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Friday.

Gildan Activewear Stock Performance

Shares of GIL opened at C$41.31 on Friday. The company has a debt-to-equity ratio of 65.18, a quick ratio of 0.87 and a current ratio of 3.08. Gildan Activewear has a twelve month low of C$35.76 and a twelve month high of C$46.20. The firm’s 50 day moving average price is C$40.90 and its two-hundred day moving average price is C$41.59. The firm has a market cap of C$7.36 billion, a P/E ratio of 11.67, a PEG ratio of 1.73 and a beta of 1.49.

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

Insider Activity

In other news, Senior Officer Benito Masi sold 10,000 shares of Gildan Activewear stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of C$29.81, for a total value of C$298,146.00. 2.19% of the stock is owned by corporate insiders.

About Gildan Activewear

(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.

Further Reading

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