12:39 PM EST, 02/20/2025 (MT Newswires) -- National Bank has increased its one year target on Gildan Activewear ( GIL ) to $83 (from $78) and reiterated its Outperform rating, after the company reported fourth-quarter adjusted EPS of $0.83, beating National Bank's $0.80 estimate. Leadership changes were announced, which were anticipated.

"While quarterly results were functionally in line, our impression is that 2025 guidance, which was also in line with expectations, may ultimately prove to be conservative," notes analyst Vishal Shreedhar.

Gildan is well positioned for continued EPS growth in 2025 given: (i) revenue growth (new capacity, market share growth, product innovation, etc.), (ii) improving costs (input costs, efficiency, etc.), and (iii) share repurchases, Shreedhar added.

National has also increased its EPS estimates for Gildan -- 2025 goes to $3.48 from $3.43 and 2026 goes to $3.94 from $3.89.

Price: 77.07, Change: +0.36, Percent Change: +0.47