National Bank Financial Forecasts Strong Price Appreciation for Gildan Activewear (TSE:GIL) Stock

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target boosted by research analysts at National Bank Financial from C$105.00 to C$107.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 36.48% from the company’s current price.

Separately, Desjardins set a C$108.00 price target on Gildan Activewear and gave the stock a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$89.50.

Gildan Activewear Stock Performance

Gildan Activewear stock traded up C$5.03 during midday trading on Friday, hitting C$78.40. 611,713 shares of the company’s stock were exchanged, compared to its average volume of 612,289. Gildan Activewear has a 12-month low of C$63.41 and a 12-month high of C$100.44. The company has a debt-to-equity ratio of 147.07, a quick ratio of 0.87 and a current ratio of 2.35. The stock has a market cap of C$14.52 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 4.55 and a beta of 1.50. The firm’s 50 day simple moving average is C$76.52 and its 200 day simple moving average is C$82.21.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$1.82 EPS for the quarter. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. The company had revenue of C$1.13 billion for the quarter. Equities research analysts predict that Gildan Activewear will post 4.5460385 EPS for the current year.

Insider Activity at Gildan Activewear

In other news, Director Deepak Kumar Khandelwal bought 5,000 shares of the stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of C$79.80 per share, with a total value of C$399,000.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at approximately C$399,000. The trade was a ∞ increase in their ownership of the stock. Company insiders own 2.26% of the company’s stock.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.