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Zacks Investment Research downgraded Gildan Activewear Inc (USA) (NYSE:GIL) to Sell in a report released today.

Yesterday Gildan Activewear Inc (USA) (NYSE:GIL) traded 0.86% higher at $28.17. The company’s 50-day moving average is $29.14 and its 200-day moving average is $29.72. The last stock close price is down -5.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 329,125 shares of the stock were exchanged, down from an average trading volume of 389,422

Zacks Investment Research has downgraded Gildan Activewear Inc (USA) (NYSE:GIL) to Sell in a report released on Wednesday September 28, 2016.

Previously on 05/05/2016, RBC Capital Markets reported about Gildan Activewear Inc (USA) (NYSE:GIL) raised the target price from $34.00 to $35.00. At the time, this indicated a possible upside of 0.12%.

See Chart Below

Gildan Activewear Inc (USA) (NYSE:GIL)

Gildan Activewear Inc (USA) has a 52 week low of $22.43 and a 52 week high of $32.20 with a P/E ratio of 19.60 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $34.95 with 6 firms rating the stock a strong buy, 9 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Gildan Activewear Inc (USA) (NYSE:GIL)

Gildan Activewear Inc. is a manufacturer and marketer of branded basic family apparel. The Company's segments include Printwear and Branded Apparel. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. It markets its products through approximately two main distribution channels. It sells its products in printwear markets in the United States and Canada, as well as in Europe, Asia-Pacific and Latin America. The Company's other main channel of distribution is in retail markets in the United States and Canada, where its products are sold to a range of retailers. It markets its products under a portfolio of brands, including the Gildan, Gold Toe, Anvil and Comfort Colors brands, and brand extensions, as well as the Secret, Silks and Therapy Plus brands. The Company also has the United States sock license for Under Armour, and licenses for the Mossy Oak and New Balance brands. The Company also manufactures for global athletic and lifestyle consumer brands.

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