Gildan Activewear (TSE:GIL) Stock Bumped Down to “Hold” by Scotiabank

Scotiabank downgraded shares of Gildan Activewear (TSE:GIL) (NYSE:GIL) from a strong-buy rating to a hold rating in a research report sent to investors on Friday morning,Zacks reports.

A number of other brokerages have also commented on GIL. Desjardins reduced their target price on shares of Gildan Activewear from C$108.00 to C$90.00 and set a “buy” rating on the stock in a research report on Tuesday. Canaccord Genuity Group lowered Gildan Activewear from a “strong-buy” rating to a “hold” rating in a report on Thursday. Scotia lowered their price target on Gildan Activewear from C$67.00 to C$53.00 and set a “sector outperform” rating for the company in a report on Tuesday. Finally, National Bank Financial dropped their price objective on Gildan Activewear from C$107.00 to C$98.00 and set an “outperform” rating on the stock in a research note on Monday, October 19th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Gildan Activewear has an average rating of “Moderate Buy” and an average price target of C$80.25.

Gildan Activewear Trading Down 0.1%

Shares of TSE:GIL traded down C$0.04 on Friday, hitting C$49.00. 1,945,268 shares of the company’s stock were exchanged, compared to its average volume of 665,777. The stock has a market capitalization of C$9.07 billion, a price-to-earnings ratio of 96.08, a price-to-earnings-growth ratio of 4.55 and a beta of 1.77. Gildan Activewear has a 12 month low of C$43.69 and a 12 month high of C$100.44. The company has a debt-to-equity ratio of 145.29, a current ratio of 1.93 and a quick ratio of 0.87. The business’s 50 day simple moving average is C$61.54 and its two-hundred day simple moving average is C$76.50.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Thursday, November 5th. The company reported C$2.18 EPS for the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. The firm had revenue of C$2.08 billion for the quarter. Analysts anticipate that Gildan Activewear will post 4.55 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 14th were issued a $0.2490 dividend. The ex-dividend date was Thursday, August 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. Gildan Activewear’s payout ratio is currently 186.27%.

Insider Buying and Selling at Gildan Activewear

In other news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total transaction of C$607,440.00. Following the transaction, the insider directly owned 2,243 shares in the company, valued at approximately C$170,310.99. This trade represents a 78.10% decrease in their ownership of the stock. Insiders own 2.26% of the company’s stock.

Key Gildan Activewear News

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

• Positive Sentiment: Gildan authorized a share buyback plan, which could provide some support for the stock, although the reports do not specify its size. Gildan Activewear Inc. authorizes a Buyback Plan
• Negative Sentiment: Management cut its 2026 outlook amid a rapid change in market conditions and withdrew its 2026–2028 objectives. It now expects 2026 revenue of $5.4 billion–$5.5 billion and free cash flow of $700 million–$750 million. The lower outlook and reduced visibility are significant headwinds. Gildan 2026 outlook
• Negative Sentiment: Third-quarter pro forma sales fell 8.7% and missed expectations. Adjusted earnings rose 54% year over year but also came in below forecasts, suggesting that stronger earnings growth did not offset weakness in demand. Third-quarter results
• Negative Sentiment: UBS said business headwinds could persist through 2027, while TD Cowen lowered its price target to $49. These updates reinforce concern that recovery may take time. UBS outlook TD Cowen price target
• Negative Sentiment: Investor law firms publicized a securities class action and a December 14 lead-plaintiff deadline, adding litigation-related uncertainty. These notices are not findings of wrongdoing. Class action notice

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion which is under an exclusive licensing agreement for the printwear channel in the U.S.