Gildan Activewear (TSE:GIL) PT Lowered to C$46.00 at National Bank Financial

Gildan Activewear (TSE:GIL - Get Free Report) (NYSE:GIL) had its price objective lowered by equities researchers at National Bank Financial from C$48.00 to C$46.00 in a report issued on Friday, FlyOnTheWall reports. National Bank Financial's price target points to a potential upside of 11.22% from the company's previous close.

Several other equities analysts also recently weighed in on GIL. Desjardins dropped their target price on shares of Gildan Activewear from C$52.00 to C$48.00 and set a "buy" rating for the company in a report on Friday. Royal Bank of Canada dropped their price target on Gildan Activewear from C$40.00 to C$36.00 and set an "outperform" rating for the company in a research report on Friday. Stifel Nicolaus reduced their target price on shares of Gildan Activewear from C$38.00 to C$35.00 and set a "buy" rating on the stock in a report on Friday. Finally, National Bankshares lowered their price target on shares of Gildan Activewear from C$48.00 to C$46.00 and set an "outperform" rating for the company in a report on Friday.

TSE:GIL traded up C$1.09 during trading hours on Friday, hitting C$41.36. The company's stock had a trading volume of 773,247 shares, compared to its average volume of 368,741. The company has a market capitalization of C$7.37 billion, a PE ratio of 11.70, a PEG ratio of 1.73 and a beta of 1.49. Gildan Activewear has a 52-week low of C$35.76 and a 52-week high of C$46.20. The business's 50-day moving average is C$40.85 and its two-hundred day moving average is C$41.60. The company has a debt-to-equity ratio of 65.18, a quick ratio of 0.87 and a current ratio of 3.08.

Gildan Activewear (TSE:GIL - Get Free Report) (NYSE:GIL) last released its quarterly earnings results on Wednesday, May 3rd. The company reported C$0.61 earnings per share for the quarter, missing analysts' consensus estimates of C$0.69 by C($0.08). The firm had revenue of C$950.53 million during the quarter, compared to analyst estimates of C$962.24 million. Gildan Activewear had a return on equity of 26.23% and a net margin of 15.55%. As a group, research analysts anticipate that Gildan Activewear will post 3.9643202 EPS for the current fiscal year.

In other news, Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of C$29.81, for a total value of C$298,146.00. 2.19% of the stock is currently owned by insiders.

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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.

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