Gildan Activewear Inc. (NYSE:GIL) Receives Average Rating of “Buy” from Analysts

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) has received a consensus recommendation of “Buy” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $54.78.

A number of analysts have recently issued reports on GIL shares. TD Securities raised their target price on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group boosted their price objective on Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus increased their target price on Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. CIBC lifted their price target on Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, UBS Group raised Gildan Activewear from a “neutral” rating to a “buy” rating and upped their price objective for the company from $50.00 to $60.00 in a report on Friday, January 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortis Group Advisors LLC raised its position in shares of Gildan Activewear by 3.9% in the 3rd quarter. Fortis Group Advisors LLC now owns 6,601 shares of the textile maker’s stock valued at $311,000 after buying an additional 246 shares in the last quarter. CWM LLC increased its stake in Gildan Activewear by 23.0% in the third quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock valued at $80,000 after acquiring an additional 318 shares during the last quarter. Fifth Third Bancorp raised its position in Gildan Activewear by 61.8% during the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 333 shares in the last quarter. Cooper Financial Group lifted its stake in Gildan Activewear by 2.1% during the fourth quarter. Cooper Financial Group now owns 16,268 shares of the textile maker’s stock worth $765,000 after purchasing an additional 340 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Gildan Activewear by 96.1% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 397 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Stock Down 1.5 %

GIL stock opened at $51.16 on Monday. The business’s 50 day simple moving average is $48.96 and its 200 day simple moving average is $46.86. Gildan Activewear has a 1-year low of $32.23 and a 1-year high of $53.28. The firm has a market capitalization of $7.80 billion, a PE ratio of 20.22, a PEG ratio of 1.71 and a beta of 1.41. The company has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81.

About Gildan Activewear

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, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.