Gildan Activewear’s (GIL) “Buy” Rating Reaffirmed at Desjardins

Gildan Activewear (TSE:GIL) (NYSE:GIL)‘s stock had its “buy” rating reiterated by equities researchers at Desjardins in a research note issued on Saturday, reports. Desjardins also issued estimates for Gildan Activewear’s Q3 2020 earnings at $0.86 EPS, Q4 2020 earnings at $0.73 EPS, FY2021 earnings at $2.87 EPS and FY2022 earnings at $3.23 EPS.

Separately, National Bank Financial dropped their target price on Gildan Activewear from C$48.00 to C$40.00 and set a “sector perform” rating for the company in a report on Friday, November 1st.

Shares of TSE GIL opened at C$38.50 on Friday. The firm has a market cap of $7.94 billion and a P/E ratio of 27.58. The business’s 50 day moving average is C$36.79 and its 200-day moving average is C$46.35. The company has a current ratio of 4.18, a quick ratio of 1.54 and a debt-to-equity ratio of 53.51. Gildan Activewear has a 1-year low of C$30.81 and a 1-year high of C$53.33.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Thursday, October 31st. The company reported C$0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.70 by C($0.01). The company had revenue of C$976.57 million during the quarter, compared to analyst estimates of C$976.80 million. Analysts forecast that Gildan Activewear will post 2.0899999234508 EPS for the current year.

In other Gildan Activewear news, Senior Officer Benito Masi sold 17,260 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$35.53, for a total value of C$613,192.57. Following the completion of the sale, the insider now owns 172,392 shares of the company’s stock, valued at approximately C$6,124,536.11.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. 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, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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