Gildan Activewear, Inc. (NYSE:GIL) Given Average Rating of “Moderate Buy” by Analysts

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has earned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $78.2143.

A number of brokerages have commented on GIL. Weiss Ratings lowered shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of Gildan Activewear in a research note on Wednesday, June 17th. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research report on Friday. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Finally, Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st.

Institutional Trading of Gildan Activewear

Several institutional investors and hedge funds have recently added to or reduced their stakes in GIL. Wedge Capital Management L L P NC lifted its position in Gildan Activewear by 14.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 613,324 shares of the textile maker’s stock valued at $31,648,000 after purchasing an additional 75,530 shares during the period. Cardinal Capital Management Inc. grew its position in shares of Gildan Activewear by 17.0% during the 2nd quarter. Cardinal Capital Management Inc. now owns 3,026,915 shares of the textile maker’s stock worth $155,749,000 after buying an additional 440,770 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Gildan Activewear by 88.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 12,208 shares of the textile maker’s stock worth $629,000 after buying an additional 5,740 shares during the period. Avior Wealth Management LLC raised its stake in shares of Gildan Activewear by 16.5% during the second quarter. Avior Wealth Management LLC now owns 26,684 shares of the textile maker’s stock worth $1,377,000 after buying an additional 3,780 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Gildan Activewear by 14.6% during the second quarter. Versant Capital Management Inc now owns 3,566 shares of the textile maker’s stock worth $184,000 after buying an additional 454 shares during the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Trading Down 0.0%

GIL stock opened at $54.06 on Monday. The business has a fifty day moving average price of $55.38 and a 200 day moving average price of $60.20. Gildan Activewear has a fifty-two week low of $46.00 and a fifty-two week high of $73.69. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 31.80 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The business’s revenue was up 63.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts expect that Gildan Activewear will post 4.25 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were issued a $0.249 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.8%. Gildan Activewear’s dividend payout ratio (DPR) is currently 58.82%.

Gildan Activewear Company Profile

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.