Stifel Nicolaus Boosts Gildan Activewear (NYSE:GIL) Price Target to $65.00

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its target price increased by stock analysts at Stifel Nicolaus from $60.00 to $65.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 18.57% from the stock’s previous close.

A number of other brokerages have also weighed in on GIL. Citigroup boosted their price objective on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a report on Thursday. UBS Group raised their target price on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday. Canaccord Genuity Group upped their price target on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group lifted their price objective on Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets upped their target price on Gildan Activewear from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $60.00.

Gildan Activewear Trading Up 1.7 %

Shares of Gildan Activewear stock traded up $0.92 on Thursday, reaching $54.82. The company had a trading volume of 372,915 shares, compared to its average volume of 519,160. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.71 and a beta of 1.41. Gildan Activewear has a 1 year low of $32.23 and a 1 year high of $54.81. The firm’s 50-day moving average price is $49.34 and its two-hundred day moving average price is $47.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Wednesday, February 19th. The textile maker reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30). Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. The business had revenue of $822.00 million for the quarter, compared to analysts’ expectations of $805.75 million. During the same period last year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts predict that Gildan Activewear will post 2.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gildan Activewear

Large investors have recently bought and sold shares of the business. Plato Investment Management Ltd purchased a new position in Gildan Activewear during the fourth quarter valued at $28,000. Blue Trust Inc. boosted its position in Gildan Activewear by 96.1% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock valued at $38,000 after buying an additional 397 shares during the period. Fifth Third Bancorp grew its stake in shares of Gildan Activewear by 61.8% in the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock worth $41,000 after acquiring an additional 333 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Gildan Activewear by 500.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 745 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Gildan Activewear by 899.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 908 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.