UBS Sticks to Their Buy Rating for Gildan Activewear (GIL)

UBS analyst Jay Sole reiterated a Buy rating on Gildan Activewear today and set a price target of $110.00.

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Sole covers the Consumer Cyclical sector, focusing on stocks such as Nike, TJX Companies, and Boot Barn. According to TipRanks, Sole has an average return of 6.1% and a 53.02% success rate on recommended stocks.

In addition to UBS, Gildan Activewear also received a Buy from TD Cowen’s Brian Morrison in a report issued yesterday. However, today, Citi maintained a Hold rating on Gildan Activewear (NYSE: GIL).

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 51 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.