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Investment analysts at CIBC boosted their price target on shares of Gildan Activewear (NYSE:GIL) from $62.00 to $67.00 in a note issued to investors on Friday. CIBC’s target price indicates a potential upside of 13.89% from the stock’s previous close.

A number of other analysts have also recently weighed in on GIL. Analysts at National Bank Financial raised their price target on shares of Gildan Activewear from C$70.00 to C$72.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at DA Davidson upgraded shares of Gildan Activewear from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $68.00 price target on the stock, up previously from $61.00. Finally, analysts at Bank of America upgraded shares of Gildan Activewear from a “neutral” rating to a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.31.

Gildan Activewear (NYSE:GIL) traded up 0.46% on Friday, hitting $58.83. The stock had a trading volume of 237,668 shares. Gildan Activewear has a 52 week low of $43.26 and a 52 week high of $62.52. The stock’s 50-day moving average is $58.76 and its 200-day moving average is $53.65. The company has a market cap of $7.193 billion and a P/E ratio of 21.62.

Gildan Activewear (NYSE:GIL) last released its earnings data on Thursday, July 31st. The company reported $0.95 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.96 by $0.01. The company had revenue of $693.80 million for the quarter, compared to the consensus estimate of $695.85 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. Analysts expect that Gildan Activewear will post $3.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 8th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.108 per share. This represents a $0.43 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, August 12th.

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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