Gildan Activewear (NYSE:GIL) Stock Price Target Lowered at Royal Bank Of Canada

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price objective lowered by Royal Bank Of Canada from $70.00 to $50.00 in a report released on Friday,Benzinga reports. The firm currently has an outperform rating on the textile maker’s stock.

A number of other research analysts also recently weighed in on GIL. Citigroup restated a “neutral” rating on shares of Gildan Activewear in a research report on Tuesday, August 4th. Scotiabank cut shares of Gildan Activewear from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $53.00 to $39.00 in a research note on Friday. TD cut their price objective on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, September 24th. TD Securities reduced their target price on Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gildan Activewear in a research note on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average target price of $59.42.

Gildan Activewear Stock Down 1.0%

Shares of GIL stock traded down $0.35 during mid-day trading on Friday, reaching $34.66. 3,284,164 shares of the company’s stock traded hands, compared to its average volume of 1,507,263. Gildan Activewear has a 12 month low of $31.33 and a 12 month high of $73.69. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $43.84 and its 200-day moving average price is $55.17. The company has a market cap of $6.42 billion, a P/E ratio of 30.95 and a beta of 1.15.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, November 5th. The textile maker reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. On average, equities analysts expect that Gildan Activewear will post 4.63 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be issued a $0.2490 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. Gildan Activewear’s dividend payout ratio (DPR) is currently 192.31%.

Hedge Funds Weigh In On Gildan Activewear

Several hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in Gildan Activewear by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock valued at $75,000 after purchasing an additional 192 shares during the last quarter. Mather Group LLC. raised its stake in shares of Gildan Activewear by 7.6% in the third quarter. Mather Group LLC. now owns 3,468 shares of the textile maker’s stock worth $148,000 after purchasing an additional 244 shares during the last quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lifted its holdings in shares of Gildan Activewear by 0.7% during the third quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 59,610 shares of the textile maker’s stock worth $2,541,000 after purchasing an additional 392 shares during the period. Cooper Financial Group boosted its position in Gildan Activewear by 3.2% in the third quarter. Cooper Financial Group now owns 13,270 shares of the textile maker’s stock valued at $566,000 after buying an additional 407 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Gildan Activewear by 12.8% in the 1st quarter. D.A. Davidson & CO. now owns 3,823 shares of the textile maker’s stock worth $213,000 after buying an additional 433 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

Key Gildan Activewear News

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

• Positive Sentiment: Gildan declared a quarterly dividend of $0.249 per share, payable December 21, representing an annualized dividend of about $1.00 and a yield of roughly 2.9%. Dividend announcement
• Positive Sentiment: Third-quarter sales from continuing operations rose 61.1% year over year to $1.47 billion, with a 27.0% adjusted operating margin. Third-quarter results
• Negative Sentiment: Several analysts cut ratings or price targets: Canaccord moved GIL from Buy to Hold and lowered its target to $41 from $62; Scotiabank downgraded it to Sector Perform and cut its target to $39 from $53; and RBC reduced its target to $50 from $70, while retaining Outperform. These reductions signal weaker expectations, despite the remaining upside implied by the targets. Canaccord rating Scotiabank rating RBC rating
• Negative Sentiment: Gildan reported third-quarter EPS of $1.54, below the $1.57 consensus; revenue also missed estimates according to Zacks. The earnings shortfall may reinforce concerns about near-term performance, despite substantial year-over-year sales growth. Earnings estimates report
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who acquired Gildan shares from February 19, 2025, through June 15, 2026. The complaint alleges material misstatements or omissions, including claims related to channel stuffing; these are allegations, not proven findings. The litigation adds uncertainty and comes amid reports of a sharp share-price decline. The lead-plaintiff deadline is December 14, 2026. Class action notice

About Gildan Activewear

Gildan Activewear Inc is a Montreal, Quebec-based apparel manufacturer that produces and sells everyday basic clothing for consumers and businesses. The company’s product portfolio includes activewear, T-shirts, fleece garments, underwear, socks and hosiery, as well as other apparel basics.

Gildan sells products primarily through wholesale distributors and screen printers, who supply decorated apparel to businesses, schools, teams, organizations and retailers. Its portfolio includes the Gildan, American Apparel, Comfort Colors, Gold Toe and Anvil brands.