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

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective lifted by investment analysts at National Bankshares from C$68.00 to C$74.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 6.92% from the company’s current price.

Several other brokerages also recently commented on GIL. BMO Capital Markets raised shares of Gildan Activewear to a “strong-buy” rating in a report on Friday, August 2nd. Desjardins boosted their price objective on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. TD Securities boosted their price objective on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Citigroup boosted their price objective on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$57.20.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock traded up C$1.07 during trading on Friday, hitting C$69.21. 188,426 shares of the stock were exchanged, compared to its average volume of 363,132. The stock has a market capitalization of C$11.25 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 72.52. The company has a fifty day moving average price of C$62.88 and a 200-day moving average price of C$55.40. Gildan Activewear has a 1-year low of C$39.60 and a 1-year high of C$69.46.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Thursday, August 1st. The company reported C$1.01 EPS for the quarter, topping the consensus estimate of C$0.99 by C$0.02. The business had revenue of C$1.18 billion during the quarter, compared to the consensus estimate of C$1.17 billion. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. As a group, equities analysts predict that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Insider Transactions at Gildan Activewear

In other news, Senior Officer Benito Masi sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$41.55, for a total transaction of C$2,077,495.00. In other news, Senior Officer Benito Masi sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$41.55, for a total transaction of C$2,077,495.00. Also, Senior Officer Rhodri Harries sold 32,500 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. In the last 90 days, insiders sold 101,620 shares of company stock valued at $4,870,471. Company insiders own 2.26% of the company’s stock.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.