02:45:46 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Gildan Activewear Inc
Symbol GIL
Shares Issued 169,217,544
Close 2024-02-09 C$ 46.06
Market Cap C$ 7,794,160,077
Recent Sedar Documents

Globe says Gildan maintained at "sector outperform"

2024-02-09 08:25 ET - In the News

The Globe and Mail reports in its Friday, Feb. 9, edition that Scotia Capital analyst George Doumet has reiterated his "sector outperform" recommendation fo Gildan Activewear. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doumet boosted his share target by a buck to $40.50 (all figures U.S.). Analysts on average target the shares at $38.44. Mr. Doumet says in a note: "We are largely in line for Q4 and are looking for $3-plus of EPS for 2024. While we acknowledge that there's lots of noise in the interim, we like the valuation and expect financial performance to be robust ($3-plus of EPS in 2024). In the absence of a notable change to the GSG strategy, we believe Gildan shares should continue to gain ground, in the interim. Lastly, with the soft-landing narrative gaining traction, we are pretty comfortable with our 2024 sales assumption (up low single digits), with destocking likely not a headwind and new retail wins." The Globe reported on Jan. 19 that National Bank Financial analyst Vishal Shreedhar rated Gildan Activewear "outperform." The shares could then be had for $32.10.

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