Barclays Upgrades Gildan Activewear (TSE:GIL) to "Strong-Buy"

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL was upgraded by equities researchers at Barclays to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.

GIL has been the topic of a number of other reports. UBS Group raised shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Desjardins boosted their target price on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, National Bankshares reduced their target price on shares of Gildan Activewear from C$83.00 to C$72.00 in a report on Monday, April 21st. Four equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$64.00.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock traded up C$0.16 during midday trading on Monday, hitting C$63.69. 669,599 shares of the company traded hands, compared to its average volume of 443,993. The stock has a market cap of C$6.92 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The firm's fifty day moving average price is C$64.22 and its 200-day moving average price is C$67.77. Gildan Activewear has a 12 month low of C$44.23 and a 12 month high of C$79.11.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last announced its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. During the same quarter last year, the firm posted $0.75 EPS. As a group, sell-side analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Senior Officer Rhodri Harries sold 100,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of C$78.08, for a total transaction of C$7,808,000.00. Also, Senior Officer Michael Schroeder sold 4,184 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of C$74.31, for a total transaction of C$310,923.50. Following the transaction, the insider now owns 51 shares in the company, valued at approximately C$3,789.94. The trade was a 98.80 % decrease in their position. Insiders have sold 110,144 shares of company stock worth $8,568,586 in the last quarter. Company insiders own 2.26% of the company's stock.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.