Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target raised by analysts at Desjardins from C$41.00 to C$41.50 in a note issued to investors on Friday. Desjardins’ price target would indicate a potential upside of 6.71% from the company’s previous close.
Separately, National Bank Financial reduced their price objective on Gildan Activewear from C$44.00 to C$42.00 and set a “sector perform” rating for the company in a research note on Friday, February 23rd. Six analysts have rated the stock with a hold rating, Gildan Activewear currently has a consensus rating of “Hold” and an average price target of C$38.67.
Shares of Gildan Activewear opened at C$38.89 on Friday, Marketbeat.com reports. Gildan Activewear has a 1 year low of C$35.72 and a 1 year high of C$42.18.
Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Wednesday, May 2nd. The company reported C$0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.02). The business had revenue of C$818.27 million during the quarter, compared to the consensus estimate of C$842.61 million. Gildan Activewear had a net margin of 8.41% and a return on equity of 10.70%.
Gildan Activewear Company Profile
Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.
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