Research Analysts Set Expectations for GIL FY2025 Earnings

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) – Analysts at Desjardins lifted their FY2025 earnings estimates for shares of Gildan Activewear in a research report issued on Thursday, October 30th. Desjardins analyst C. Li now expects that the textile maker will post earnings of $3.47 per share for the year, up from their prior forecast of $3.42. Desjardins has a “Buy” rating and a $95.00 price objective on the stock. The consensus estimate for Gildan Activewear’s current full-year earnings is $3.48 per share.

Other research analysts have also issued research reports about the stock. CIBC raised their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperformer” rating in a report on Friday, August 1st. Barclays restated an “overweight” rating and set a $70.00 price target (up previously from $64.00) on shares of Gildan Activewear in a report on Thursday, October 30th. Stifel Nicolaus set a $75.00 price target on shares of Gildan Activewear and gave the stock a “buy” rating in a report on Friday, September 19th. Wall Street Zen lowered shares of Gildan Activewear from a “buy” rating to a “hold” rating in a research note on Saturday, September 6th. Finally, Royal Bank Of Canada increased their target price on shares of Gildan Activewear from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.15.

Gildan Activewear Stock Down 2.0%

Gildan Activewear stock opened at $56.78 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.67 and a current ratio of 3.87. Gildan Activewear has a 52-week low of $37.16 and a 52-week high of $62.56. The firm has a 50 day moving average price of $57.70 and a two-hundred day moving average price of $52.39. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.93 and a beta of 1.20.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.90%. The firm had revenue of $910.60 million during the quarter, compared to analyst estimates of $925.24 million. During the same quarter last year, the business earned $0.85 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS.

Institutional Investors Weigh In On Gildan Activewear

A number of institutional investors and hedge funds have recently modified their holdings of GIL. Norges Bank purchased a new stake in shares of Gildan Activewear in the second quarter worth about $101,409,000. Mackenzie Financial Corp lifted its holdings in shares of Gildan Activewear by 61.9% in the second quarter. Mackenzie Financial Corp now owns 4,434,020 shares of the textile maker’s stock worth $218,622,000 after buying an additional 1,695,329 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Gildan Activewear in the second quarter worth about $65,409,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Gildan Activewear by 67.2% in the first quarter. The Manufacturers Life Insurance Company now owns 2,959,555 shares of the textile maker’s stock worth $131,556,000 after buying an additional 1,189,921 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Gildan Activewear by 24.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,678,451 shares of the textile maker’s stock worth $180,305,000 after buying an additional 718,896 shares in the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th will be given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, November 19th. Gildan Activewear’s dividend payout ratio (DPR) is currently 28.75%.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.