Citi analyst Paul Lejuez has maintained their bullish stance on GIL stock, giving a Buy rating on February 5.
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Paul Lejuez’s rating is based on expectations of Gildan Activewear’s strong financial performance in the upcoming quarters. Lejuez anticipates that the company will slightly exceed the consensus estimates for the fourth quarter earnings per share and sales, driven by a robust performance in the Activewear segment despite a decline in Hosiery & Underwear sales. Additionally, favorable weather conditions likely supported higher fleece sales, contributing positively to the overall sales outlook.
Furthermore, Lejuez expects management to provide guidance for fiscal year 2025 that surpasses market expectations, particularly in terms of sales growth and earnings per share. Although the stock is considered more crowded compared to peers, indicating a balanced risk/reward scenario, the expected strong performance and optimistic guidance support maintaining a Buy rating with a positive 12-month view.
Lejuez covers the Consumer Cyclical sector, focusing on stocks such as Macy’s, Nike, and Birkenstock Holding plc. According to TipRanks, Lejuez has an average return of 9.0% and a 57.05% success rate on recommended stocks.
In another report released on February 5, TD Securities also maintained a Buy rating on the stock with a $62.00 price target.