RBC Capital analyst Sabahat Khan reiterated a Hold rating on Gildan Activewear (NYSE: GIL) yesterday and set a price target of $33. The company’s shares closed yesterday at $31.55.
Khan has an average return of 7.0% when recommending Gildan Activewear.
According to TipRanks.com, Khan is ranked #998 out of 4853 analysts.
Currently, the analyst consensus on Gildan Activewear is a Moderate Buy with an average price target of $33.75, representing a 7.0% upside. In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a $33 price target.
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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.
