Gildan Activewear (NYSE:GIL) Price Target Raised to $97.00 at National Bankshares

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its target price hoisted by National Bankshares from $92.00 to $97.00 in a report published on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the textile maker’s stock.

Several other research firms also recently commented on GIL. Zacks Research downgraded shares of Gildan Activewear from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. UBS Group restated a “buy” rating and issued a $110.00 target price (up previously from $80.00) on shares of Gildan Activewear in a research note on Tuesday, December 16th. TD Securities reaffirmed a “buy” rating and set a $77.00 price target on shares of Gildan Activewear in a research report on Tuesday, January 27th. Scotiabank set a $66.00 price target on Gildan Activewear and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, TD Cowen raised their price objective on Gildan Activewear from $67.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and a consensus target price of $77.08.

Gildan Activewear Trading Up 2.5%

Shares of NYSE GIL opened at $66.62 on Monday. The company has a quick ratio of 0.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $62.26 and a two-hundred day simple moving average of $58.31. The firm has a market cap of $12.34 billion, a PE ratio of 21.28 and a beta of 1.08. Gildan Activewear has a twelve month low of $37.16 and a twelve month high of $67.96.

Institutional Trading of Gildan Activewear

Institutional investors have recently bought and sold shares of the business. Webster Bank N. A. acquired a new position in shares of Gildan Activewear during the 4th quarter worth about $25,000. Nisa Investment Advisors LLC acquired a new stake in Gildan Activewear in the 4th quarter worth about $32,000. Brown Brothers Harriman & Co. increased its stake in Gildan Activewear by 867.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after buying an additional 460 shares in the last quarter. Maseco LLP purchased a new stake in Gildan Activewear during the 4th quarter worth approximately $33,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Gildan Activewear by 169.0% during the third quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 338 shares during the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

About Gildan Activewear

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.