Gildan Activewear (NYSE:GIL) Price Target Raised to $40.50

Gildan Activewear (NYSE:GILFree Report) (TSE:GIL) had its price objective boosted by Scotiabank from $39.50 to $40.50 in a research note released on Friday, Marketbeat.com reports. Scotiabank currently has a sector outperform rating on the textile maker’s stock.

A number of other brokerages have also weighed in on GIL. Desjardins raised their target price on shares of Gildan Activewear from $48.00 to $53.00 and gave the company a buy rating in a research report on Friday, November 3rd. Edward Jones lowered shares of Gildan Activewear from a buy rating to a hold rating in a report on Thursday, December 7th. StockNews.com raised shares of Gildan Activewear from a sell rating to a hold rating in a research note on Tuesday, November 7th. Canaccord Genuity Group lifted their target price on shares of Gildan Activewear from $35.00 to $37.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Finally, Stifel Canada downgraded shares of Gildan Activewear from a buy rating to a hold rating in a research note on Monday, December 18th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $40.41.

Read Our Latest Report on Gildan Activewear

Gildan Activewear Stock Performance

NYSE GIL opened at $34.65 on Friday. The company has a current ratio of 2.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.32 and a beta of 1.38. The firm’s 50 day simple moving average is $33.19 and its 200 day simple moving average is $31.48. Gildan Activewear has a 1 year low of $26.98 and a 1 year high of $37.65.

Institutional Trading of Gildan Activewear

A number of institutional investors have recently made changes to their positions in GIL. American Century Companies Inc. boosted its holdings in shares of Gildan Activewear by 38.6% during the 1st quarter. American Century Companies Inc. now owns 41,005 shares of the textile maker’s stock valued at $1,538,000 after acquiring an additional 11,413 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Gildan Activewear by 41.5% during the 1st quarter. Citigroup Inc. now owns 32,700 shares of the textile maker’s stock valued at $1,227,000 after acquiring an additional 9,597 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Gildan Activewear by 36.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,381 shares of the textile maker’s stock valued at $127,000 after acquiring an additional 896 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Gildan Activewear by 35.8% during the 1st quarter. Natixis Advisors L.P. now owns 19,786 shares of the textile maker’s stock valued at $742,000 after acquiring an additional 5,212 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings in shares of Gildan Activewear by 29.4% during the 1st quarter. Synovus Financial Corp now owns 33,700 shares of the textile maker’s stock valued at $1,268,000 after acquiring an additional 7,662 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

About Gildan Activewear

(Get Free Report)

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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.

Featured Articles

Analyst Recommendations for Gildan Activewear (NYSE:GIL)

Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with MarketBeat.com's FREE daily email newsletter.