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

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $72.1538.

A number of brokerages have commented on GIL. TD Securities reissued a “buy” rating and set a $74.00 price objective on shares of Gildan Activewear in a report on Thursday, October 30th. Canaccord Genuity Group upped their price target on Gildan Activewear from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Citigroup lowered Gildan Activewear from a “buy” rating to a “neutral” rating and increased their price target for the company from $60.00 to $63.00 in a research report on Monday, October 20th. National Bankshares reaffirmed an “outperform” rating on shares of Gildan Activewear in a report on Thursday, October 23rd. Finally, TD Cowen upped their target price on shares of Gildan Activewear from $67.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, October 6th.

Gildan Activewear Stock Performance

GIL opened at $58.82 on Friday. Gildan Activewear has a 1-year low of $37.16 and a 1-year high of $62.56. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 18.79 and a beta of 1.12. The company’s fifty day moving average price is $58.60 and its two-hundred day moving average price is $54.10. The company has a current ratio of 2.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.94.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Wednesday, October 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.53%. The firm had revenue of $910.60 million during the quarter, compared to analysts’ expectations of $925.24 million. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. On average, analysts expect that Gildan Activewear will post 3.48 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th will be paid a $0.226 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $0.90 annualized dividend and a yield of 1.5%. Gildan Activewear’s dividend payout ratio (DPR) is 28.75%.

Hedge Funds Weigh In On Gildan Activewear

Institutional investors have recently modified their holdings of the business. LPL Financial LLC lifted its holdings in Gildan Activewear by 5.8% during the first quarter. LPL Financial LLC now owns 59,670 shares of the textile maker’s stock worth $2,639,000 after acquiring an additional 3,251 shares during the period. US Bancorp DE increased its position in shares of Gildan Activewear by 44.7% during the 1st quarter. US Bancorp DE now owns 13,729 shares of the textile maker’s stock valued at $607,000 after purchasing an additional 4,239 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Gildan Activewear during the 1st quarter worth $246,000. PNC Financial Services Group Inc. boosted its holdings in shares of Gildan Activewear by 173.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,259 shares of the textile maker’s stock worth $542,000 after buying an additional 7,778 shares during the last quarter. Finally, Cumberland Partners Ltd grew its position in Gildan Activewear by 20.4% during the first quarter. Cumberland Partners Ltd now owns 5,900 shares of the textile maker’s stock valued at $261,000 after buying an additional 1,000 shares during the period. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Company Profile

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.