Stifel Nicolaus Reiterates $80.00 Price Target for Gildan Activewear (NYSE:GIL)

Stifel Nicolaus set a $80.00 price target on Gildan Activewear (NYSE:GIL) (TSE:GIL) in a report released on Monday,BayStreet.CA reports. The firm currently has a buy rating on the textile maker’s stock.

A number of other analysts have also issued reports on the stock. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $77.00 price objective on shares of Gildan Activewear in a research note on Friday, May 1st. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research note on Friday, July 17th. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Weiss Ratings lowered shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.21.

Gildan Activewear Price Performance

GIL stock opened at $53.34 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. Gildan Activewear has a 1 year low of $46.00 and a 1 year high of $73.69. The firm has a market cap of $9.88 billion, a P/E ratio of 31.38 and a beta of 1.11. The stock has a 50-day simple moving average of $55.19 and a 200-day simple moving average of $60.01.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm 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%.Gildan Activewear’s revenue for the quarter was up 63.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities analysts predict that Gildan Activewear will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is currently 58.82%.

Institutional Investors Weigh In On Gildan Activewear

Institutional investors have recently modified their holdings of the stock. Wedge Capital Management L L P NC acquired a new position in Gildan Activewear in the fourth quarter valued at approximately $36,866,000. Assetmark Inc. raised its position in shares of Gildan Activewear by 10,432.0% during the 4th quarter. Assetmark Inc. now owns 60,138 shares of the textile maker’s stock worth $3,756,000 after purchasing an additional 59,567 shares during the period. Barington Companies Management LLC acquired a new stake in shares of Gildan Activewear during the 4th quarter worth approximately $15,941,000. JPMorgan Chase & Co. lifted its holdings in shares of Gildan Activewear by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 615,792 shares of the textile maker’s stock worth $35,593,000 after purchasing an additional 21,078 shares during the last quarter. Finally, VELA Investment Management LLC bought a new stake in shares of Gildan Activewear in the 4th quarter worth approximately $3,104,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

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.