TD Securities Raises Gildan Activewear (TSE:GIL) Price Target to C$77.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price increased by research analysts at TD Securities from C$74.00 to C$77.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential downside of 13.60% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. National Bankshares lifted their price target on shares of Gildan Activewear from C$91.00 to C$92.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Desjardins set a C$95.00 price objective on Gildan Activewear and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, Citigroup downgraded Gildan Activewear from a “buy” rating to a “neutral” rating and raised their target price for the stock from C$60.00 to C$63.00 in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$81.75.

Gildan Activewear Trading Down 2.3%

Shares of GIL stock opened at C$89.12 on Tuesday. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The company has a market capitalization of C$16.50 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 4.55 and a beta of 1.47. Gildan Activewear has a 52-week low of C$52.77 and a 52-week high of C$93.82. The company has a 50-day simple moving average of C$85.34 and a two-hundred day simple moving average of C$80.33.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Wednesday, October 29th. The company reported C$1.00 earnings per share for the quarter. The firm had revenue of C$1.27 billion for the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. Research analysts anticipate that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

About Gildan Activewear

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.