Gildan Activewear (TSE:GIL) Given a C$83.00 Price Target at National Bankshares

Gildan Activewear (TSE:GIL) (NYSE:GIL) received a C$83.00 price objective from equities research analysts at National Bankshares in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 24.85% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Desjardins raised their price target on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$68.50.

Gildan Activewear Price Performance

GIL stock traded up C$0.18 during midday trading on Wednesday, reaching C$66.48. 127,375 shares of the company’s stock traded hands, compared to its average volume of 363,358. The company has a 50-day simple moving average of C$72.80 and a two-hundred day simple moving average of C$68.37. Gildan Activewear has a 1-year low of C$44.23 and a 1-year high of C$79.11. The company has a market cap of C$7.22 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 4.55 and a beta of 1.64. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business posted $0.75 earnings per share. On average, analysts anticipate that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Insider Activity

In other Gildan Activewear news, Senior Officer Rhodri Harries sold 100,000 shares of Gildan Activewear stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of C$78.08, for a total transaction of C$7,808,000.00. Also, Senior Officer John Maness sold 1,661 shares of Gildan Activewear stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$68.77, for a total value of C$114,234.28. In the last ninety days, insiders sold 110,144 shares of company stock valued at $8,568,586. 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.