Scotiabank Equities Analysts Lift Earnings Estimates for GIL

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) – Equities researchers at Scotiabank boosted their FY2027 earnings per share estimates for shares of Gildan Activewear in a research note issued to investors on Tuesday, August 4th. Scotiabank analyst J. Zamparo now expects that the textile maker will post earnings of $5.57 per share for the year, up from their previous estimate of $5.15. Scotiabank has a “Sector Outperform” rating and a $67.00 price objective on the stock. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.68 per share.

Other analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Stifel Nicolaus set a $83.00 price objective on Gildan Activewear and gave the company a “buy” rating in a research report on Friday, July 31st. 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 report on Friday, July 31st. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Finally, UBS Group increased their target price on Gildan Activewear from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.07.

Gildan Activewear Price Performance

Shares of GIL stock opened at $58.12 on Thursday. The business’s fifty day moving average is $54.28 and its 200 day moving average is $59.30. 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 stock has a market cap of $10.76 billion, a price-to-earnings ratio of 111.77 and a beta of 1.11. Gildan Activewear has a twelve month low of $46.00 and a twelve month high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, July 30th. The textile maker reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.17. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.61 billion. Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%.The business’s revenue was up 72.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 EPS.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Thursday, August 20th will be given a dividend of $0.249 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Gildan Activewear’s dividend payout ratio (DPR) is currently 192.31%.

Institutional Trading of Gildan Activewear

Hedge funds have recently bought and sold shares of the stock. Washburn Capital Management Inc. raised its holdings in Gildan Activewear by 3.8% in the 4th quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock worth $266,000 after purchasing an additional 157 shares during the period. Fifth Third Bancorp grew its holdings in Gildan Activewear by 16.5% in the first 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 period. Arkadios Wealth Advisors increased its position in shares of Gildan Activewear by 2.2% in the fourth quarter. Arkadios Wealth Advisors now owns 8,787 shares of the textile maker’s stock valued at $549,000 after buying an additional 193 shares in the last quarter. Tacita Capital Inc raised its stake in shares of Gildan Activewear by 1.9% during the 4th quarter. Tacita Capital Inc now owns 11,250 shares of the textile maker’s stock worth $704,000 after buying an additional 211 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Gildan Activewear by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 82.83% of the company’s stock.

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.