Gildan Activewear (TSE:GIL) Downgraded by Scotiabank to “Hold”

Gildan Activewear (TSE:GIL) (NYSE:GIL) was downgraded by Scotiabank from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday, Zacks reports.

GIL has been the topic of a number of other research reports. National Bank Financial cut their price objective on shares of Gildan Activewear from C$107.00 to C$98.00 and set an “outperform” rating on the stock in a report on Monday, October 19th. Desjardins dropped their price objective on Gildan Activewear from C$108.00 to C$90.00 and set a “buy” rating on the stock in a report on Tuesday. Scotia cut their target price on Gildan Activewear from C$67.00 to C$53.00 and set a “sector outperform” rating on the stock in a research report on Tuesday. Finally, Canaccord Genuity Group cut Gildan Activewear from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Gildan Activewear presently has an average rating of “Moderate Buy” and an average target price of C$80.25.

Gildan Activewear Stock Down 0.1%

Shares of TSE GIL traded down C$0.04 during trading on Friday, reaching C$49.00. 1,945,268 shares of the stock were exchanged, compared to its average volume of 665,777. The company has a market capitalization of C$9.07 billion, a price-to-earnings ratio of 96.08, a price-to-earnings-growth ratio of 4.55 and a beta of 1.77. The business’s 50-day moving average price is C$61.54 and its 200 day moving average price is C$76.50. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 145.29. Gildan Activewear has a twelve month low of C$43.69 and a twelve month high of C$100.44.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Thursday, November 5th. The company reported C$2.18 earnings per share for the quarter. The business had revenue of C$2.08 billion during the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. As a group, equities analysts forecast that Gildan Activewear will post 4.55 EPS for the current fiscal year.

Insider Activity at Gildan Activewear

In related news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total transaction of C$607,440.00. Following the sale, the insider owned 2,243 shares in the company, valued at C$170,310.99. This represents a 78.10% decrease in their ownership of the stock. Company insiders own 2.26% of the company’s stock.

Gildan Activewear News Roundup

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

• Positive Sentiment: Gildan authorized a share buyback plan, which could provide some support for the stock, although the reports do not specify its size. Gildan Activewear Inc. authorizes a Buyback Plan
• Negative Sentiment: Management cut its 2026 outlook amid a rapid change in market conditions and withdrew its 2026–2028 objectives. It now expects 2026 revenue of $5.4 billion–$5.5 billion and free cash flow of $700 million–$750 million. The lower outlook and reduced visibility are significant headwinds. Gildan 2026 outlook
• Negative Sentiment: Third-quarter pro forma sales fell 8.7% and missed expectations. Adjusted earnings rose 54% year over year but also came in below forecasts, suggesting that stronger earnings growth did not offset weakness in demand. Third-quarter results
• Negative Sentiment: UBS said business headwinds could persist through 2027, while TD Cowen lowered its price target to $49. These updates reinforce concern that recovery may take time. UBS outlook TD Cowen price target
• Negative Sentiment: Investor law firms publicized a securities class action and a December 14 lead-plaintiff deadline, adding litigation-related uncertainty. These notices are not findings of wrongdoing. Class action notice

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion which is under an exclusive licensing agreement for the printwear channel in the U.S.