Gildan Activewear (TSE:GIL) Given New C$87.00 Price Target at Desjardins

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price boosted by investment analysts at Desjardins from C$82.00 to C$87.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 12.93% from the company’s current price. Desjardins also issued estimates for Gildan Activewear’s Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.29 EPS, FY2025 earnings at $4.97 EPS and FY2026 earnings at $5.58 EPS.

GIL has been the subject of several other reports. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. National Bankshares increased their target price on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Gildan Activewear currently has an average rating of “Buy” and an average price target of C$63.00.

Gildan Activewear Stock Down 1.3 %

GIL stock opened at C$77.04 on Thursday. The company has a market cap of C$8.37 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The business’s 50-day moving average is C$70.98 and its two-hundred day moving average is C$66.23. Gildan Activewear has a fifty-two week low of C$44.23 and a fifty-two week high of C$78.79.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, topping the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. During the same period in the previous year, the firm posted $0.75 EPS. As a group, 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 news, Senior Officer Benito Masi sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total value of C$693,102.00. 2.26% of the stock is owned by insiders.

About Gildan Activewear

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.