Credit Suisse Reiterates a Buy Rating on Gildan Activewear

By Jason Carr

In a report released yesterday, Christian Buss from Credit Suisse reiterated a Buy rating on Gildan Activewear (NYSE: GIL), with a price target of $43. The company’s shares opened today at $25.09.

According to TipRanks.com, Buss is a 1-star analyst with an average return of -0.8% and a 42.9% success rate. Buss covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Ralph Lauren Corp.

Gildan Activewear has an analyst consensus of Strong Buy.

Gildan Activewear’s market cap is currently $5.85B and has a P/E ratio of 17.65. The company has a book value ratio of 2.7961.

Gildan Activewear, Inc. markets and manufactures basic family apparel, including T-shirts, fleece, sport shirts, socks, underwear, hosiery and shapewear. It operates its business through two segments: Printwear and Branded. The Printwear segment designs, manufactures, sources and distributes undecorated activewear products in large quantities to wholesale distributors in printwear markets across North America, Europe and the Asia-Pacific region. The products sold under Printwear segment consist mainly of undecorated or blank T-shirts, fleece and sport shirts marketed primarily under Gildan brand. The Branded Apparel segment designs, manufactures, sources, and distributes branded family apparel, which includes socks, underwear and activewear products primarily to U.S. retailers. The company was founded by Glenn J. Chamandy and H. Gregory Chamandy on May 8, 1984 and is headquartered in Montreal, Canada.