Gildan Activewear (TSE:GIL) Issues Quarterly Earnings Results

Gildan Activewear (TSE:GIL) (NYSE:GIL) announced its quarterly earnings results on Wednesday. The company reported C$0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.01, RTT News reports. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. During the same period last year, the company earned $0.75 EPS.

Gildan Activewear Trading Up 1.8 %

TSE GIL opened at C$78.09 on Friday. Gildan Activewear has a 1-year low of C$44.23 and a 1-year high of C$78.12. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The stock has a 50-day moving average of C$70.98 and a 200-day moving average of C$66.23. The firm has a market cap of C$8.48 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Analyst Ratings Changes

GIL has been the topic of a number of recent research reports. Desjardins raised their target price on Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday. UBS Group upgraded Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Finally, National Bankshares raised their target price on Gildan Activewear from C$78.00 to C$83.00 and gave the stock an “outperform” rating in a research report on Thursday. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Gildan Activewear presently has an average rating of “Buy” and an average price target of C$63.00.

Insider Activity at Gildan Activewear

In related news, Senior Officer Benito Masi sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total transaction of C$693,102.00. 2.26% of the stock is owned by company insiders.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.