Gildan Activewear, Inc. (NYSE:GIL) Receives $80.08 Average Target Price from Analysts

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has earned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $80.0769.

GIL has been the topic of several research analyst reports. Scotiabank raised their price objective on Gildan Activewear from $72.00 to $74.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 2nd. TD Securities reaffirmed a “buy” rating and set a $77.00 price objective on shares of Gildan Activewear in a research note on Tuesday, January 27th. BMO Capital Markets raised their price objective on Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gildan Activewear in a research note on Monday, December 29th. Finally, National Bank Financial raised their price objective on Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd.

Institutional Trading of Gildan Activewear

Several hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its stake in Gildan Activewear by 427.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,467 shares of the textile maker’s stock worth $341,000 after buying an additional 4,431 shares during the period. Corient Private Wealth LLC raised its stake in shares of Gildan Activewear by 3.9% in the 4th quarter. Corient Private Wealth LLC now owns 9,043 shares of the textile maker’s stock valued at $566,000 after purchasing an additional 339 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 purchasing an additional 445 shares during the period. MidFirst Bank acquired a new stake in shares of Gildan Activewear in the 4th quarter valued at about $379,000. Finally, Invesco Ltd. raised its stake in shares of Gildan Activewear by 6.0% in the 4th quarter. Invesco Ltd. now owns 216,434 shares of the textile maker’s stock valued at $13,518,000 after purchasing an additional 12,261 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Stock Up 1.0%

NYSE:GIL opened at $54.98 on Friday. Gildan Activewear has a 12-month low of $37.16 and a 12-month high of $73.69. The company has a quick ratio of 1.05, a current ratio of 2.11 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $10.18 billion, a P/E ratio of 20.98 and a beta of 1.13. The stock’s fifty day simple moving average is $64.22 and its 200-day simple moving average is $61.59.

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

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be paid a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, March 19th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. Gildan Activewear’s dividend payout ratio (DPR) is 37.79%.

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.