Gildan Activewear, Inc. (NYSE:GIL) Receives $78.21 Consensus PT from Analysts

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has earned an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $78.2143.

Several brokerages recently weighed in on GIL. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research report on Friday. Scotiabank reissued a “sector outperform” rating and issued a $65.00 price objective (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th.

Gildan Activewear Stock Performance

Shares of NYSE GIL opened at $54.06 on Monday. The stock has a market cap of $10.01 billion, a PE ratio of 31.80 and a beta of 1.11. Gildan Activewear has a 1 year low of $46.00 and a 1 year high of $73.69. The firm has a fifty day moving average price of $55.38 and a 200-day moving average price of $60.21. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The business’s quarterly revenue was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Equities analysts anticipate that Gildan Activewear will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.249 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Gildan Activewear’s payout ratio is 58.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in shares of Gildan Activewear by 0.9% in the 1st quarter. Janus Henderson Group PLC now owns 10,593,203 shares of the textile maker’s stock valued at $589,508,000 after buying an additional 98,134 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Gildan Activewear by 26.0% during the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after purchasing an additional 1,561,729 shares during the period. Royal Bank of Canada raised its holdings in Gildan Activewear by 20.9% in the 1st quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker’s stock worth $384,629,000 after purchasing an additional 1,193,718 shares during the period. Mackenzie Financial Corp boosted its position in Gildan Activewear by 41.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock worth $429,382,000 after purchasing an additional 2,001,279 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Gildan Activewear by 15.7% in the first quarter. The Manufacturers Life Insurance Company now owns 6,706,078 shares of the textile maker’s stock valued at $373,122,000 after buying an additional 909,001 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.

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.