In a report released yesterday, Stephen Macleod from BMO Capital reiterated a Hold rating on Gildan Activewear (NYSE: GIL), with a price target of $33. The company’s shares closed yesterday at $31.55.
Macleod has an average return of 12.1% when recommending Gildan Activewear.
According to TipRanks.com, Macleod is ranked #308 out of 4853 analysts.
Gildan Activewear has an analyst consensus of Moderate Buy, with a price target consensus of $34.
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Based on Gildan Activewear’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $67.88 million. In comparison, last year the company had a net profit of $108 million.
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Gildan Activewear, Inc. engages in the manufacture of family apparel, including T-shirts, fleece, sport shirts, socks, underwear, hosiery and shapewear. It operates through the combined Printwear and Branded Apparel segments. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products.
