Gildan Activewear (NYSE:GIL) Price Target Raised to $78.00 at BMO Capital Markets

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price objective increased by stock analysts at BMO Capital Markets from $70.00 to $78.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the textile maker’s stock. BMO Capital Markets’ price target would suggest a potential upside of 16.56% from the company’s current price.

GIL has been the subject of several other reports. Royal Bank Of Canada lifted their price objective on Gildan Activewear from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Zacks Research cut shares of Gildan Activewear from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. National Bankshares restated an “outperform” rating on shares of Gildan Activewear in a research report on Thursday, October 23rd. UBS Group reiterated a “buy” rating and set a $110.00 price target (up previously from $80.00) on shares of Gildan Activewear in a research report on Tuesday, December 16th. Finally, Desjardins boosted their price objective on shares of Gildan Activewear from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear presently has a consensus rating of “Moderate Buy” and an average price target of $75.54.

Gildan Activewear Trading Down 0.2%

Gildan Activewear stock opened at $66.92 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.88 and a current ratio of 2.01. The stock has a 50-day simple moving average of $61.10 and a 200 day simple moving average of $57.68. The stock has a market capitalization of $12.39 billion, a P/E ratio of 21.38 and a beta of 1.11. Gildan Activewear has a 52 week low of $37.16 and a 52 week high of $67.96.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $925.24 million. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.53%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. Analysts expect that Gildan Activewear will post 3.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GIL. Washburn Capital Management Inc. raised its stake in shares of Gildan Activewear by 3.8% during the fourth quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock worth $266,000 after acquiring an additional 157 shares in the last quarter. Integrated Advisors Network LLC boosted its position in Gildan Activewear by 3.0% during the third quarter. Integrated Advisors Network LLC now owns 6,365 shares of the textile maker’s stock valued at $368,000 after buying an additional 185 shares during the period. Bank of Nova Scotia Trust Co. grew its stake in shares of Gildan Activewear by 2.5% during the second quarter. Bank of Nova Scotia Trust Co. now owns 8,499 shares of the textile maker’s stock valued at $418,000 after buying an additional 207 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Gildan Activewear by 2.8% in the third quarter. Signaturefd LLC now owns 7,659 shares of the textile maker’s stock worth $443,000 after buying an additional 209 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Gildan Activewear by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 73,619 shares of the textile maker’s stock valued at $3,612,000 after acquiring an additional 231 shares during the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

About Gildan Activewear

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.