Gildan Activewear (TSE:GIL) PT Set at C$108.00 by Desjardins

Gildan Activewear (TSE:GIL) (NYSE:GIL) has been given a C$108.00 price target by research analysts at Desjardins in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 49.07% from the stock’s current price.

Separately, National Bank Financial raised their target price on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Gildan Activewear presently has a consensus rating of “Moderate Buy” and an average price target of C$88.00.

Gildan Activewear Trading Up 1.2%

Shares of GIL traded up C$0.84 during trading hours on Tuesday, reaching C$72.45. 214,402 shares of the company traded hands, compared to its average volume of 604,423. The firm has a market cap of C$13.42 billion, a price-to-earnings ratio of 42.87, a PEG ratio of 4.55 and a beta of 1.50. Gildan Activewear has a 12-month low of C$63.41 and a 12-month high of C$100.44. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 147.07. The stock’s fifty day moving average price is C$76.83 and its 200 day moving average price is C$82.52.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.60 EPS for the quarter. The company had revenue of C$1.62 billion for the quarter. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. Sell-side analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Insider Buying and Selling at Gildan Activewear

In other Gildan Activewear news, Director Deepak Kumar Khandelwal purchased 5,000 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of C$79.80 per share, with a total value of C$399,000.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately C$399,000. This trade represents a ? increase in their ownership of the stock. Insiders own 2.26% of the company’s stock.

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.