Gildan Activewear (TSE:GIL) Given New C$72.00 Price Target at National Bankshares

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL had its price target decreased by analysts at National Bankshares from C$83.00 to C$72.00 in a note issued to investors on Monday,BayStreet.CA reports. National Bankshares' target price would suggest a potential upside of 22.26% from the stock's current price.

Other research analysts have also recently issued reports about the stock. UBS Group upgraded shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Desjardins boosted their price objective on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$65.75.

Gildan Activewear Trading Up 0.1 %

Shares of Gildan Activewear stock traded up C$0.04 on Monday, reaching C$58.89. The company had a trading volume of 403,584 shares, compared to its average volume of 437,234. The firm has a market cap of C$6.39 billion, a price-to-earnings ratio of 15.79, 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. The firm's 50-day moving average price is C$65.23 and its two-hundred day moving average price is C$67.84. Gildan Activewear has a 1 year low of C$44.23 and a 1 year high of C$79.11.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last issued its quarterly earnings results 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 net margin of 13.05% and a return on equity of 23.10%. During the same quarter in the prior year, the business posted $0.75 EPS. As a group, research analysts predict that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Insider Activity

In other Gildan Activewear news, Senior Officer Rhodri Harries sold 100,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$78.08, for a total value of C$7,808,000.00. Also, Senior Officer Michael Schroeder sold 4,299 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total value of C$335,428.68. Insiders have sold 110,144 shares of company stock valued at $8,568,586 in the last ninety days. 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.