Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL had its price objective increased by Scotiabank from $55.00 to $59.00 in a report released on Friday, Marketbeat Ratings reports. The firm currently has a "sector outperform" rating on the textile maker's stock. Scotiabank's target price indicates a potential upside of 15.39% from the company's previous close.
A number of other equities research analysts also recently issued reports on GIL. CIBC reduced their price objective on shares of Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Barclays lifted their price target on Gildan Activewear from $51.00 to $56.00 and gave the company an "overweight" rating in a research note on Friday. National Bankshares upped their price objective on Gildan Activewear from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday. TD Securities lifted their target price on Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, UBS Group upped their price objective on shares of Gildan Activewear from $56.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $60.92.
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Gildan Activewear Stock Performance
NYSE:GIL traded up $0.62 during mid-day trading on Friday, reaching $51.13. 781,511 shares of the company's stock were exchanged, compared to its average volume of 506,649. Gildan Activewear has a one year low of $37.16 and a one year high of $55.39. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.59 and a current ratio of 3.91. The business's fifty day simple moving average is $49.48 and its two-hundred day simple moving average is $48.26. The firm has a market capitalization of $7.67 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19.
Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly earnings results on Thursday, July 31st. The textile maker reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. The business had revenue of $918.50 million during the quarter, compared to analysts' expectations of $908.41 million. Gildan Activewear had a return on equity of 34.00% and a net margin of 14.55%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. Analysts anticipate that Gildan Activewear will post 3.48 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Gildan Activewear
Several large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Gildan Activewear during the 1st quarter valued at approximately $1,072,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Gildan Activewear during the first quarter valued at $474,000. Polar Asset Management Partners Inc. increased its position in shares of Gildan Activewear by 55.6% in the fourth quarter. Polar Asset Management Partners Inc. now owns 26,450 shares of the textile maker's stock worth $1,244,000 after purchasing an additional 9,450 shares during the last quarter. Shell Asset Management Co. lifted its position in Gildan Activewear by 250.0% during the fourth quarter. Shell Asset Management Co. now owns 27,721 shares of the textile maker's stock valued at $1,304,000 after purchasing an additional 19,800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Gildan Activewear by 262.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 45,451 shares of the textile maker's stock valued at $2,138,000 after buying an additional 32,911 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company's stock.
Gildan Activewear Company Profile
(
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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, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.
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