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Gildan Activewear (NYSE:GIL) shares hit a new 52-week high during trading on Tuesday , StockRatingsNetwork.com reports. The stock traded as high as $60.20 and last traded at $59.98, with a volume of 114,112 shares traded. The stock had previously closed at $58.88.

Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Gildan Activewear from $65.00 to $68.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Gildan Activewear from $65.00 to $70.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Gildan Activewear from $60.00 to $61.00 in a research note on Friday, June 20th. They now have a “sector perform” rating on the stock. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $66.20.

The stock’s 50-day moving average is $55.2 and its 200-day moving average is $52.54. The company has a market cap of $7.297 billion and a P/E ratio of 21.74.

Gildan Activewear (NYSE:GIL) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $548.80 million for the quarter, compared to the consensus estimate of $555.22 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that Gildan Activewear will post $3.09 EPS for the current fiscal year.

Gildan Activewear Inc (NYSE:GIL) is a marketer and vertically-integrated global manufacturer of basic, non-fashion apparel products for customers.

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