UBS analyst Jay Sole maintained a Buy rating on Gildan Activewear yesterday and set a price target of $75.00. The company’s shares closed yesterday at $60.48.
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Sole covers the Consumer Cyclical sector, focusing on stocks such as On Holding AG, Deckers Outdoor, and Crocs. According to TipRanks, Sole has an average return of 5.8% and a 50.10% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gildan Activewear with a $64.89 average price target, which is a 7.29% upside from current levels. In a report released on October 6, TD Cowen also maintained a Buy rating on the stock with a $73.00 price target.
Based on Gildan Activewear’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $918.5 million and a net profit of $137.9 million. In comparison, last year the company earned a revenue of $862.17 million and had a net profit of $58.41 million
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GIL in relation to earlier this year.
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- Gildan Activewear price target raised to C$86 from C$80 at National Bank
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