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

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $74.4615.

GIL has been the subject of a number of research analyst reports. Scotiabank set a $66.00 target price on Gildan Activewear and gave the stock an “outperform” rating in a research report on Thursday, October 30th. TD Securities restated a “buy” rating and set a $74.00 price target on shares of Gildan Activewear in a research note on Thursday, October 30th. Barclays reaffirmed an “overweight” rating and issued a $70.00 price objective (up from $64.00) on shares of Gildan Activewear in a research note on Thursday, October 30th. TD Cowen increased their target price on shares of Gildan Activewear from $67.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, UBS Group restated a “buy” rating and issued a $110.00 price target (up previously from $80.00) on shares of Gildan Activewear in a report on Tuesday, December 16th.

Institutional Trading of Gildan Activewear

Large investors have recently added to or reduced their stakes in the stock. Webster Bank N. A. acquired a new position in shares of Gildan Activewear during the fourth quarter worth about $25,000. Maseco LLP acquired a new position in Gildan Activewear during the 2nd quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its position 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 acquiring an additional 343 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Gildan Activewear by 867.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after acquiring an additional 460 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in Gildan Activewear by 169.0% in the third quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 338 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Price Performance

GIL opened at $66.92 on Monday. Gildan Activewear has a 1 year low of $37.16 and a 1 year high of $67.96. The company’s 50 day simple moving average is $61.10 and its 200 day simple moving average is $57.68. The stock has a market capitalization of $12.39 billion, a PE ratio of 21.38 and a beta of 1.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.88 and a current ratio of 2.01.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings results on Wednesday, October 29th. The textile maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $910.60 million during the quarter, compared to analyst estimates of $925.24 million. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.53%. Gildan Activewear’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. As a group, sell-side analysts expect that Gildan Activewear will post 3.48 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 19th were paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, November 19th. Gildan Activewear’s dividend payout ratio (DPR) is currently 28.75%.

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.