TD Securities Issues Positive Forecast for Gildan Activewear (TSE:GIL) Stock Price

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target upped by investment analysts at TD Securities from C$74.00 to C$77.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential downside of 15.87% from the company’s current price.

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

Gildan Activewear Price Performance

Shares of TSE:GIL traded up C$0.84 on Tuesday, reaching C$91.52. 129,280 shares of the company were exchanged, compared to its average volume of 478,370. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. Gildan Activewear has a 1-year low of C$52.77 and a 1-year high of C$93.82. The firm has a market cap of C$16.95 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 4.55 and a beta of 1.47. The company has a 50-day moving average of C$84.89 and a 200-day moving average of C$80.12.

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