UBS Reaffirms Their Buy Rating on Gildan Activewear (GIL)

In a report released today, Jay Sole from UBS maintained a Buy rating on Gildan Activewear, with a price target of $110.00.

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Sole covers the Consumer Cyclical sector, focusing on stocks such as Ralph Lauren, Nike, and On Holding AG. According to TipRanks, Sole has an average return of 5.0% and a 51.21% success rate on recommended stocks.

In a report released on December 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$92.00 price target.

Based on Gildan Activewear’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of C$897.72 million and a net profit of C$118.82 million. In comparison, last year the company earned a revenue of C$891.11 million and had a net profit of C$131.47 million

Based on the recent corporate insider activity of 59 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.