TD Securities Forecasts Strong Price Appreciation for Gildan Activewear (TSE:GIL) Stock

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective upped by equities research analysts at TD Securities from C$77.00 to C$80.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential downside of 13.95% from the stock’s current price.

Separately, Desjardins raised their target price on Gildan Activewear from C$95.00 to C$108.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$85.75.

Gildan Activewear Stock Performance

Shares of GIL stock opened at C$92.97 on Friday. Gildan Activewear has a 1 year low of C$52.77 and a 1 year high of C$100.44. The firm has a market capitalization of C$17.21 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 4.55 and a beta of 1.41. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. The business has a fifty day moving average of C$91.42 and a 200 day moving average of C$84.16.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Thursday, February 26th. The company reported C$1.31 EPS for the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%.The firm had revenue of C$1.41 billion for the quarter. As a group, research analysts expect that Gildan Activewear will post 4.5460385 earnings per share for the current year.

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.