Gildan Activewear, Inc. (NYSE:GIL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $78.2143.

Several equities analysts have commented on GIL shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday. Scotiabank reissued a “sector outperform” rating and set a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a report on Wednesday. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Scotia dropped their price target on Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus upped their price objective on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd.

Gildan Activewear News Roundup

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Scotia still kept an “sector outperform” rating on Gildan while trimming its price target to $65 from $72, suggesting the stock may still have upside from current levels.
• Neutral Sentiment: Multiple law firms, including Glancy Prongay Wolke & Rotter, Siskinds LLP, Johnson Fistel, Block & Leviton, Rosen Law Firm, and others, announced securities-fraud investigations tied to the short-seller allegations. These notices add legal uncertainty but are still preliminary. Glancy Prongay Wolke & Rotter LLP investigation
• Neutral Sentiment: Gildan issued a statement denying any wrongdoing and saying its financial and governance disclosures are accurate, which may help limit long-term damage if the company can prove the short report wrong. Gildan Activewear issues statement regarding recent short seller report
• Negative Sentiment: The short-seller allegations and resulting stock drop have sparked a wave of legal scrutiny, which can weigh on sentiment and increase volatility until investors get clearer evidence on sales, inventory, and accounting practices.

Gildan Activewear Trading Up 5.5%

Shares of GIL stock opened at $53.11 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The firm has a market cap of $9.83 billion, a PE ratio of 31.24 and a beta of 1.08. The company has a 50-day moving average of $58.24 and a two-hundred day moving average of $61.50. Gildan Activewear has a 1-year low of $46.00 and a 1-year high of $73.69.

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

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were given a dividend of $0.249 per share. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.9%. Gildan Activewear’s dividend payout ratio is 58.82%.

Institutional Trading of Gildan Activewear

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Webster Bank N. A. purchased a new position in shares of Gildan Activewear in the 4th quarter worth $25,000. Islay Capital Management LLC purchased a new position in Gildan Activewear in the 4th quarter valued at about $25,000. Larson Financial Group LLC increased its stake in shares of Gildan Activewear by 3,516.7% in the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after buying an additional 422 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Gildan Activewear by 161.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after buying an additional 343 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Gildan Activewear by 14,833.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after purchasing an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

About Gildan Activewear

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.