Gildan Activewear, Inc. (NYSE:GIL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $80.0769.

GIL has been the topic of a number of recent research reports. Royal Bank Of Canada cut their price target on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. TD Securities reissued a “buy” rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Tuesday, January 27th. BMO Capital Markets raised their target price on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Stifel Nicolaus boosted their price target on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, UBS Group reaffirmed a “buy” rating and issued a $110.00 price target (up from $80.00) on shares of Gildan Activewear in a research report on Tuesday, December 16th.

Gildan Activewear Trading Down 1.0%

NYSE:GIL opened at $58.69 on Tuesday. The company has a market capitalization of $10.87 billion, a P/E ratio of 22.40 and a beta of 1.05. The stock’s 50 day moving average price is $66.74 and its 200 day moving average price is $61.36. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 2.11. Gildan Activewear has a 52 week low of $37.16 and a 52 week high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, February 26th. The textile maker reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.01 billion. Gildan Activewear had a net margin of 11.02% and a return on equity of 27.32%. Gildan Activewear’s revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, research analysts forecast that Gildan Activewear will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be issued a $0.249 dividend. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, March 19th. This represents a $1.00 annualized dividend and a yield of 1.7%. Gildan Activewear’s dividend payout ratio is presently 34.35%.

Institutional Investors Weigh In On Gildan Activewear

A number of large investors have recently added to or reduced their stakes in the stock. Islay Capital Management LLC bought a new position in shares of Gildan Activewear in the fourth quarter valued at approximately $25,000. Webster Bank N. A. bought a new stake in shares of Gildan Activewear during the 4th quarter worth $25,000. Larson Financial Group LLC boosted its holdings in shares of Gildan Activewear by 3,516.7% during the 4th 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 period. Caitong International Asset Management Co. Ltd grew its stake in 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 valued at $28,000 after buying an additional 445 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in Gildan Activewear in the 4th quarter valued at $32,000. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Company Profile

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.