Gildan Activewear (NYSE:GIL) Stock Dropped to Hold by Canaccord Genuity Group

Canaccord Genuity Group cut shares of Gildan Activewear (NYSE:GIL) (TSE:GIL) from a buy rating to a hold rating in a research note issued to investors on Friday, Marketbeat reports. They currently have $41.00 price target on the textile maker’s stock, down from their previous price target of $62.00.

Several other analysts also recently weighed in on the stock. TD reduced their price objective on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Scotiabank cut shares of Gildan Activewear from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $53.00 to $39.00 in a report on Friday. Stifel Nicolaus set a $83.00 target price on shares of Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Gildan Activewear in a report on Thursday, August 13th. Finally, Scotia increased their price target on shares of Gildan Activewear from $65.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.42.

Gildan Activewear Trading Down 1.0%

Shares of GIL traded down $0.35 during midday trading on Friday, reaching $34.66. The company had a trading volume of 3,284,164 shares, compared to its average volume of 1,507,263. 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 $6.42 billion, a PE ratio of 30.95 and a beta of 1.15. The firm has a 50 day simple moving average of $43.84 and a 200-day simple moving average of $55.17. Gildan Activewear has a 1-year low of $31.33 and a 1-year high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, November 5th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.03). Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. Research analysts forecast that Gildan Activewear will post 4.63 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be issued a $0.2490 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, November 25th. Gildan Activewear’s dividend payout ratio (DPR) is 192.31%.

Hedge Funds Weigh In On Gildan Activewear

Several hedge funds and other institutional investors have recently modified their holdings of GIL. Fifth Third Bancorp lifted its position in Gildan Activewear by 16.5% during the first quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock valued at $75,000 after buying an additional 192 shares in the last quarter. Mather Group LLC. raised its stake in shares of Gildan Activewear by 7.6% in the 3rd quarter. Mather Group LLC. now owns 3,468 shares of the textile maker’s stock valued at $148,000 after acquiring an additional 244 shares during the period. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd raised its stake in shares of Gildan Activewear by 0.7% in the 3rd quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 59,610 shares of the textile maker’s stock valued at $2,541,000 after acquiring an additional 392 shares during the period. Cooper Financial Group lifted its holdings in shares of Gildan Activewear by 3.2% during the 3rd quarter. Cooper Financial Group now owns 13,270 shares of the textile maker’s stock valued at $566,000 after acquiring an additional 407 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in Gildan Activewear by 12.8% during the 1st quarter. D.A. Davidson & CO. now owns 3,823 shares of the textile maker’s stock worth $213,000 after purchasing an additional 433 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear News Roundup

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

• Positive Sentiment: Gildan declared a quarterly dividend of $0.249 per share, payable December 21, representing an annualized dividend of about $1.00 and a yield of roughly 2.9%. Dividend announcement
• Positive Sentiment: Third-quarter sales from continuing operations rose 61.1% year over year to $1.47 billion, with a 27.0% adjusted operating margin. Third-quarter results
• Negative Sentiment: Several analysts cut ratings or price targets: Canaccord moved GIL from Buy to Hold and lowered its target to $41 from $62; Scotiabank downgraded it to Sector Perform and cut its target to $39 from $53; and RBC reduced its target to $50 from $70, while retaining Outperform. These reductions signal weaker expectations, despite the remaining upside implied by the targets. Canaccord rating Scotiabank rating RBC rating
• Negative Sentiment: Gildan reported third-quarter EPS of $1.54, below the $1.57 consensus; revenue also missed estimates according to Zacks. The earnings shortfall may reinforce concerns about near-term performance, despite substantial year-over-year sales growth. Earnings estimates report
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who acquired Gildan shares from February 19, 2025, through June 15, 2026. The complaint alleges material misstatements or omissions, including claims related to channel stuffing; these are allegations, not proven findings. The litigation adds uncertainty and comes amid reports of a sharp share-price decline. The lead-plaintiff deadline is December 14, 2026. Class action notice

Gildan Activewear Company Profile

Gildan Activewear Inc is a Montreal, Quebec-based apparel manufacturer that produces and sells everyday basic clothing for consumers and businesses. The company’s product portfolio includes activewear, T-shirts, fleece garments, underwear, socks and hosiery, as well as other apparel basics.

Gildan sells products primarily through wholesale distributors and screen printers, who supply decorated apparel to businesses, schools, teams, organizations and retailers. Its portfolio includes the Gildan, American Apparel, Comfort Colors, Gold Toe and Anvil brands.