Gildan Activewear (NYSE:GIL) Price Target Raised to $67.00 at Scotia

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price target lifted by equities researchers at Scotia from $65.00 to $67.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the textile maker’s stock. Scotia’s target price points to a potential upside of 20.44% from the company’s current price.

Other analysts have also recently issued reports about the company. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. UBS Group reissued a “buy” rating on shares of Gildan Activewear in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $77.00 target price on shares of Gildan Activewear in a research note on Friday, May 1st. Royal Bank Of Canada restated an “outperform” rating and set a $82.00 price target (up from $78.00) on shares of Gildan Activewear in a research report on Friday. Finally, Stifel Nicolaus set a $83.00 price target on Gildan Activewear and gave the stock a “buy” rating in a research note on Friday. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Gildan Activewear Trading Up 6.0%

NYSE GIL traded up $3.13 during trading on Friday, hitting $55.63. The company had a trading volume of 1,705,769 shares, compared to its average volume of 1,431,454. The company’s fifty day moving average is $54.51 and its 200-day moving average is $59.48. Gildan Activewear has a one year low of $46.00 and a one year high of $73.69. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. The company has a market cap of $10.30 billion, a price-to-earnings ratio of 32.77 and a beta of 1.11.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, July 30th. The textile maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.17. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 72.3% compared to the same quarter last year. On average, sell-side analysts predict that Gildan Activewear will post 4.25 earnings per share for the current year.

Institutional Trading of Gildan Activewear

A number of institutional investors and hedge funds have recently bought and sold shares of GIL. Wedge Capital Management L L P NC raised its holdings in Gildan Activewear by 14.0% in the second quarter. Wedge Capital Management L L P NC now owns 613,324 shares of the textile maker’s stock worth $31,648,000 after buying an additional 75,530 shares during the last quarter. Cardinal Capital Management Inc. grew its holdings in shares of Gildan Activewear by 17.0% during the second quarter. Cardinal Capital Management Inc. now owns 3,026,915 shares of the textile maker’s stock valued at $155,749,000 after buying an additional 440,770 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Gildan Activewear by 88.7% during the second quarter. Assenagon Asset Management S.A. now owns 12,208 shares of the textile maker’s stock valued at $629,000 after acquiring an additional 5,740 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Gildan Activewear by 16.5% during the second quarter. Avior Wealth Management LLC now owns 26,684 shares of the textile maker’s stock valued at $1,377,000 after acquiring an additional 3,780 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Gildan Activewear by 14.6% in the 2nd quarter. Versant Capital Management Inc now owns 3,566 shares of the textile maker’s stock worth $184,000 after acquiring an additional 454 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors.

Key Headlines Impacting Gildan Activewear

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Gildan reported second-quarter adjusted earnings of $1.28 per share, exceeding the $1.11 analyst consensus and rising from $0.97 a year earlier. Revenue from continuing operations increased 72.3% to $1.58 billion, while the company reported an 11.1% operating margin and a 22.3% adjusted operating margin. Gildan Activewear Tops Q2 Earnings Estimates
• Positive Sentiment: The company announced the sale of HanesBrands Australia, a portfolio-related transaction that could streamline operations and provide proceeds for other corporate priorities. Gildan also updated its full-year 2026 guidance, though the available report does not specify the revised figures. Gildan Reports Second-Quarter Results and HanesBrands Australia Sale
• Positive Sentiment: Gildan declared a quarterly dividend of $0.249 per share, payable September 14 to shareholders of record August 20. The distribution represents an annualized yield of approximately 1.9%, supporting the stock’s income appeal.
• Neutral Sentiment: Despite the earnings beat and revenue growth, quarterly revenue of $1.58 billion fell short of the $1.61 billion consensus estimate. The company also reported a net loss of approximately $50 million in coverage of the quarter, creating a mixed picture beneath the strong adjusted results. Gildan Reports Q2 Results and HanesBrands Australia Sale
• Negative Sentiment: Rosen Law Firm is investigating potential securities claims alleging that Gildan may have issued materially misleading business information. The announcement does not establish wrongdoing, but a possible securities class action could create legal costs and reputational risk. Rosen Law Firm Gildan Securities Investigation

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.