Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL had its target price hoisted by research analysts at Royal Bank Of Canada from $61.00 to $68.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The firm presently has an "outperform" rating on the textile maker's stock. Royal Bank Of Canada's target price points to a potential upside of 21.34% from the stock's current price.
Other analysts also recently issued research reports about the stock. Cfra Research upgraded shares of Gildan Activewear to a "hold" rating in a research report on Monday, August 4th. BMO Capital Markets restated an "outperform" rating on shares of Gildan Activewear in a research report on Thursday. CIBC upped their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an "outperformer" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Gildan Activewear from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Barclays upped their price target on shares of Gildan Activewear from $51.00 to $56.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.58.
Check Out Our Latest Stock Report on Gildan Activewear
Gildan Activewear Stock Up 2.0%
Shares of GIL stock traded up $1.11 during trading on Thursday, reaching $56.04. The company's stock had a trading volume of 2,665,358 shares, compared to its average volume of 694,839. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.87 and a quick ratio of 1.67. Gildan Activewear has a 1-year low of $37.16 and a 1-year high of $57.76. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.57 and a beta of 1.17. The stock's 50-day moving average price is $50.13 and its 200 day moving average price is $48.35.
Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings results on Thursday, July 31st. The textile maker reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. Gildan Activewear had a net margin of 14.55% and a return on equity of 34.31%. The company had revenue of $918.50 million during the quarter, compared to analysts' expectations of $908.41 million. During the same quarter in the previous year, the business posted $0.74 EPS. The firm's revenue was up 6.5% on a year-over-year basis. On average, research analysts anticipate that Gildan Activewear will post 3.48 EPS for the current year.
Hedge Funds Weigh In On Gildan Activewear
Institutional investors have recently bought and sold shares of the company. Maseco LLP acquired a new position in Gildan Activewear in the 2nd quarter valued at $26,000. Olde Wealth Management LLC acquired a new position in Gildan Activewear in the 1st quarter valued at $29,000. Twin Tree Management LP acquired a new position in Gildan Activewear in the 1st quarter valued at $29,000. Versant Capital Management Inc increased its stake in Gildan Activewear by 510.7% in the 1st quarter. Versant Capital Management Inc now owns 745 shares of the textile maker's stock valued at $33,000 after buying an additional 623 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Gildan Activewear by 4,323.5% during the 1st quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock worth $33,000 after purchasing an additional 735 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.
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, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.
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