Gildan Activewear (TSE:GIL) Stock Price Target Lowered at National Bank Financial

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective dropped by National Bank Financial from C$107.00 to C$98.00 in a research note issued on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 70.55% from the stock’s current price.

Separately, Desjardins set a C$108.00 price objective on shares of Gildan Activewear and gave the stock a “buy” rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$87.25.

Gildan Activewear Price Performance

Shares of TSE:GIL traded down C$0.39 on Monday, hitting C$57.46. The stock had a trading volume of 2,461,105 shares, compared to its average volume of 653,313. The firm’s 50 day moving average price is C$67.98 and its 200-day moving average price is C$74.36. The company has a debt-to-equity ratio of 145.29, a quick ratio of 0.87 and a current ratio of 1.93. Gildan Activewear has a twelve month low of C$56.46 and a twelve month high of C$100.44. The company has a market capitalization of C$10.64 billion, a price-to-earnings ratio of 112.67, a price-to-earnings-growth ratio of 4.55 and a beta of 1.63.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share (EPS) for the quarter. The firm had revenue of C$1.13 billion during the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. On average, equities research analysts predict that Gildan Activewear will post 4.55 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total value of C$607,440.00. Following the completion of the sale, the insider owned 2,243 shares of the company’s stock, valued at C$170,310.99. This trade represents a 78.10% decrease in their ownership of the stock. 2.26% of the stock is currently owned by corporate insiders.

Gildan Activewear Company Profile

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.