Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective increased by investment analysts at Desjardins from C$46.00 to C$48.00 in a research report issued on Wednesday. Desjardins’ target price indicates a potential downside of 0.35% from the company’s previous close. Desjardins also issued estimates for Gildan Activewear’s Q2 2019 earnings at $0.74 EPS, Q3 2019 earnings at $0.84 EPS, Q4 2019 earnings at $0.82 EPS and FY2019 earnings at $2.61 EPS.

GIL has been the subject of a number of other research reports. Citigroup boosted their price target on Gildan Activewear from C$43.00 to C$46.00 in a research report on Monday, December 3rd. National Bank Financial boosted their price target on Gildan Activewear from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Friday, February 15th. Finally, BMO Capital Markets boosted their price target on Gildan Activewear from C$33.00 to C$36.00 in a research report on Friday, February 22nd.

Shares of TSE:GIL opened at C$48.17 on Wednesday. The firm has a market capitalization of $9.93 billion and a PE ratio of 29.04. The company has a quick ratio of 1.21, a current ratio of 3.99 and a debt-to-equity ratio of 36.26. Gildan Activewear has a 52 week low of C$33.03 and a 52 week high of C$49.50.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Thursday, February 21st. The company reported C$0.57 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.57. The business had revenue of C$981.74 million during the quarter, compared to analysts’ expectations of C$934.50 million. On average, research analysts anticipate that Gildan Activewear will post 2.09043430814531 earnings per share for the current fiscal year.

In other Gildan Activewear news, Director Glenn J. Chamandy sold 75,000 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of C$47.21, for a total transaction of C$3,540,750.00. Following the completion of the sale, the director now owns 192,625 shares of the company’s stock, valued at C$9,093,826.25. Also, Director Michael Hoffman sold 35,504 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of C$46.41, for a total value of C$1,647,740.64. Following the sale, the director now directly owns 30,056 shares of the company’s stock, valued at approximately C$1,394,898.96. In the last three months, insiders have sold 120,504 shares of company stock valued at $5,652,591.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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