According to The Fly, in a new note to investors yesterday, an analyst has provided a rating update for Gildan Activewear (GIL). The company received a Buy rating from Stifel Nicolaus’ analyst Jim Duffy.
According to TipRanks.com, Duffy is a 4-star analyst with an average return of 8.0% and a 61.9% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, G-III Apparel Group, and Fox Factory Holding.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gildan Activewear with a C$37.50 average price target.
Based on Gildan Activewear’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$149 million. In comparison, last year the company had a net profit of C$146 million.
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.
The company’s shares closed on Monday at C$42.11, close to its 52-week high of C$42.82.
