Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price objective lowered by TD Securities from $45.00 to $44.00 in a research report released on Thursday, October 17th, BayStreet.CA reports. The brokerage currently has a buy rating on the textile maker’s stock.
GIL has been the topic of several other reports. Desjardins upgraded Gildan Activewear from a hold rating to a buy rating in a research report on Friday, August 2nd. Zacks Investment Research lowered Gildan Activewear from a buy rating to a hold rating in a research report on Thursday, October 3rd. ValuEngine lowered Gildan Activewear from a buy rating to a hold rating in a research report on Tuesday, August 6th. Finally, Citigroup raised their price target on Gildan Activewear from $37.00 to $40.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $30.55.
GIL traded up $0.48 during trading on Thursday, reaching $27.21. 518,066 shares of the company were exchanged, compared to its average volume of 601,983. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 2.32 and a beta of 0.78. The company has a quick ratio of 1.61, a current ratio of 4.18 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average is $31.28 and its two-hundred day moving average is $36.11. Gildan Activewear has a 12-month low of $23.45 and a 12-month high of $40.40.
Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its holdings in Gildan Activewear by 19.3% in the 1st quarter. FMR LLC now owns 9,830,993 shares of the textile maker’s stock worth $353,485,000 after buying an additional 1,589,389 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in Gildan Activewear in the 2nd quarter worth approximately $21,978,000. Royal Bank of Canada lifted its holdings in Gildan Activewear by 9.6% in the 2nd quarter. Royal Bank of Canada now owns 5,569,834 shares of the textile maker’s stock worth $215,443,000 after buying an additional 489,075 shares during the period. Renaissance Group LLC purchased a new position in shares of Gildan Activewear in the 3rd quarter valued at approximately $12,992,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Gildan Activewear by 72.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 832,244 shares of the textile maker’s stock valued at $31,999,000 after purchasing an additional 349,750 shares during the period. Institutional investors and hedge funds own 67.21% of the company’s stock.
Gildan Activewear Company Profile
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.
Featured Article: Why Net Income is Important to Investors
Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with MarketBeat.com's FREE daily email newsletter.