Gildan Activewear (TSE:GIL) Shares Down 22.9% – What’s Next?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) traded down 22.9% during trading on Thursday. The company traded as low as C$43.69 and last traded at C$46.60. Approximately 1,680,845 shares traded hands during mid-day trading, an increase of 157% from the average session volume of 652,972 shares. The stock had previously closed at C$60.44.

Trending Headlines about Gildan Activewear

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

• Positive Sentiment: Gildan authorized a share buyback plan, which could support shareholder returns and signal confidence in the business. The announcement does not specify the plan’s size here. Gildan Activewear authorizes a buyback plan
• Neutral Sentiment: Desjardins maintained its Buy rating despite lowering its price target, offering a more constructive view than the target reduction alone suggests. Scotia also cut its target. Desjardins maintains Buy rating Desjardins cuts price target Scotia cuts price target
• Negative Sentiment: The company reported third-quarter EPS of C$2.18 and revenue of C$2.08 billion, but sales fell short of targets. Its reduced FY26 outlook, attributed to macro headwinds and rapidly changing conditions, raises concerns about near-term demand and earnings. Gildan cuts outlook and misses third-quarter sales targets Gildan cuts FY26 outlook
• Negative Sentiment: A securities class action is pending, with a December 14, 2026 deadline for investors seeking lead-plaintiff status. The litigation adds uncertainty, though the notice does not establish wrongdoing. Securities class action notice

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GIL shares. Scotia decreased their price objective on shares of Gildan Activewear from C$67.00 to C$53.00 and set a “sector outperform” rating for the company in a report on Tuesday. National Bank Financial dropped their target price on shares of Gildan Activewear from C$107.00 to C$98.00 and set an “outperform” rating on the stock in a research note on Monday, October 19th. Finally, Desjardins reduced their target price on shares of Gildan Activewear from C$108.00 to C$90.00 and set a “buy” rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$80.25.

Gildan Activewear Stock Down 19.3%

The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 145.29. The business has a 50-day moving average price of C$62.54 and a 200-day moving average price of C$76.89. The firm has a market cap of C$9.03 billion, a P/E ratio of 95.61, a P/E/G ratio of 4.55 and a beta of 1.63.

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

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 14th were paid a dividend of $0.2490 per share. The ex-dividend date was Thursday, August 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. Gildan Activewear’s dividend payout ratio (DPR) is currently 186.27%.

Insider Transactions at Gildan Activewear

In related news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total value of C$607,440.00. Following the completion of the transaction, the insider owned 2,243 shares of the company’s stock, valued at C$170,310.99. The trade was a 78.10% decrease in their ownership of the stock. 2.26% of the stock is currently owned by insiders.

About Gildan Activewear

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.