Gildan Activewear, Inc. (NYSE:GIL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $80.0769.

A number of research analysts recently weighed in on GIL shares. TD Securities restated a “buy” rating and issued a $77.00 price objective on shares of Gildan Activewear in a report on Tuesday, January 27th. Stifel Nicolaus lifted their price objective on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Royal Bank Of Canada dropped their price objective on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. BMO Capital Markets lifted their price objective on shares of Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, National Bank Financial lifted their price objective on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Monday, February 2nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. purchased a new position in Gildan Activewear in the third quarter worth approximately $2,082,000. Wedge Capital Management L L P NC purchased a new position in Gildan Activewear in the fourth quarter worth approximately $36,866,000. Envestnet Asset Management Inc. lifted its stake in Gildan Activewear by 9.2% in the third quarter. Envestnet Asset Management Inc. now owns 464,925 shares of the textile maker’s stock worth $26,873,000 after acquiring an additional 39,072 shares during the last quarter. JCIC Asset Management Inc. purchased a new position in Gildan Activewear in the third quarter worth approximately $6,920,000. Finally, Intact Investment Management Inc. lifted its stake in Gildan Activewear by 1.7% in the third quarter. Intact Investment Management Inc. now owns 1,153,759 shares of the textile maker’s stock worth $66,661,000 after acquiring an additional 19,196 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Trading Down 0.0%

Shares of GIL stock opened at $57.84 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 2.11. The stock has a market capitalization of $10.71 billion, a P/E ratio of 22.07 and a beta of 1.13. The company has a 50 day moving average price of $60.65 and a 200 day moving average price of $61.54. Gildan Activewear has a fifty-two week low of $41.61 and a fifty-two week high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.01 billion. Gildan Activewear had a net margin of 11.02% and a return on equity of 27.32%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Equities research analysts predict that Gildan Activewear will post 4.26 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were paid a $0.249 dividend. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, March 19th. Gildan Activewear’s payout ratio is presently 38.17%.

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.