Gildan Activewear (TSE:GIL) Price Target Raised to C$107.00 at National Bank Financial

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target hoisted by National Bank Financial from C$105.00 to C$107.00 in a research note issued to investors on Friday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Separately, Desjardins set a C$108.00 target price on Gildan Activewear and gave the company a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$89.50.

Gildan Activewear Price Performance

Shares of TSE:GIL opened at C$77.60 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 145.29. The stock has a market cap of C$14.37 billion, a PE ratio of 45.92, a PEG ratio of 4.55 and a beta of 1.50. The company’s fifty day moving average is C$76.47 and its 200 day moving average is C$82.18. Gildan Activewear has a 52 week low of C$63.41 and a 52 week high of C$100.44.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share (EPS) for the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. The business had revenue of C$1.13 billion during the quarter. Research analysts anticipate that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Gildan Activewear’s dividend payout ratio is currently 54.85%.

Insider Buying and Selling

In related news, Director Deepak Kumar Khandelwal bought 5,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of C$79.80 per share, with a total value of C$399,000.00. Following the completion of the acquisition, the director owned 5,000 shares of the company’s stock, valued at C$399,000. The trade was a ? increase in their position. 2.26% of the stock is owned by insiders.

More Gildan Activewear News

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: National Bank Financial raised its price target on Gildan from C$105 to C$107 and upgraded its stance to “outperform,” implying substantial potential upside. BayStreet.CA analyst rating report
• Positive Sentiment: Desjardins set a C$108 price target, adding to the evidence that analysts view the recent weakness in GIL as an attractive entry point. Desjardins price target report
• Positive Sentiment: Although reported quarterly results included a US$50 million loss, adjusted or underlying net earnings reportedly increased 32% year over year. The company also raised its profit outlook, which appears to be outweighing concerns about the headline loss. Gildan Activewear Q2 net earnings report
• Neutral Sentiment: Gildan reported quarterly revenue of approximately C$1.13 billion and EPS of C$1.82 in the company’s earnings release, providing a significant focus for investors assessing the strength of demand and margins. Gildan Q2 earnings snapshot
• Negative Sentiment: The company narrowed its full-year revenue outlook, while the reported quarterly loss could reinforce concerns about one-time costs and near-term operating performance. MarketWatch Gildan earnings report

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.