Gildan Activewear (TSE:GIL) Raised to Strong-Buy at Barclays

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL was upgraded by stock analysts at Barclays to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently commented on GIL. Desjardins raised their price objective on Gildan Activewear from C$82.00 to C$87.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. UBS Group raised shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 10th. Finally, National Bankshares dropped their target price on Gildan Activewear from C$83.00 to C$72.00 in a research report on Monday, April 21st. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$64.00.

Gildan Activewear Price Performance

GIL stock traded up C$1.76 during mid-day trading on Monday, reaching C$65.45. 561,955 shares of the company traded hands, compared to its average volume of 445,381. The company has a fifty day moving average price of C$63.71 and a 200-day moving average price of C$67.78. Gildan Activewear has a 52-week low of C$44.26 and a 52-week high of C$79.11. The company has a market capitalization of C$7.11 billion, a P/E ratio of 17.55, a P/E/G ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87.

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

Insider Buying and Selling at Gildan Activewear

In other news, Senior Officer John Maness sold 1,661 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$68.77, for a total value of C$114,234.28. Also, Senior Officer Michael Schroeder sold 4,299 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total transaction of C$335,428.68. In the last quarter, insiders have sold 110,144 shares of company stock worth $8,568,586. 2.26% of the stock is owned by corporate insiders.

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.