Gildan Activewear (GIL) PT Raised to C$48.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective hoisted by equities research analysts at Desjardins from C$46.00 to C$48.00 in a report released on Wednesday, March 27th, BayStreet.CA reports. Desjardins’ price target indicates a potential downside of 3.60% from the company’s current price. Desjardins also issued estimates for Gildan Activewear’s Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.74 EPS, Q3 2019 earnings at $0.84 EPS, Q4 2019 earnings at $0.82 EPS and FY2019 earnings at $2.61 EPS.

GIL has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of Gildan Activewear from C$33.00 to C$36.00 in a research note on Friday, February 22nd. National Bank Financial upped their price objective on shares of Gildan Activewear from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Friday, February 15th. Finally, Citigroup upped their price objective on shares of Gildan Activewear from C$43.00 to C$46.00 in a research note on Monday, December 3rd.

Shares of TSE:GIL traded up C$0.29 during trading on Wednesday, reaching C$49.79. The company had a trading volume of 347,700 shares, compared to its average volume of 472,944. The firm has a market capitalization of $10.30 billion and a price-to-earnings ratio of 30.01. Gildan Activewear has a 12 month low of C$33.03 and a 12 month high of C$49.87. The company has a debt-to-equity ratio of 36.26, a current ratio of 3.99 and a quick ratio of 1.21.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Thursday, February 21st. The company reported C$0.57 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.57. The company had revenue of C$981.74 million during the quarter, compared to the consensus estimate of C$934.50 million. As a group, equities research analysts expect that Gildan Activewear will post 2.09042204325355 EPS for the current year.

In other Gildan Activewear news, Director Michael Hoffman sold 35,504 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of C$46.41, for a total transaction of C$1,647,740.64. Following the completion of the sale, the director now owns 30,056 shares of the company’s stock, valued at approximately C$1,394,898.96. Also, Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of C$46.41, for a total transaction of C$464,100.00. Following the sale, the insider now directly owns 127,218 shares of the company’s stock, valued at approximately C$5,904,187.38. Insiders sold a total of 120,504 shares of company stock valued at $5,652,591 in the last ninety days.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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