Gildan Activewear (NYSE:GIL) Stock Bumped Down to Strong Sell by Zacks Research

Zacks Research lowered shares of Gildan Activewear (NYSE:GIL) (TSE:GIL) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks reports.

Several other brokerages also recently commented on GIL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gildan Activewear in a report on Thursday, August 13th. William Blair set a $49.00 price target on Gildan Activewear in a research note on Friday. UBS Group set a $38.00 price objective on Gildan Activewear and gave the stock a “neutral” rating in a research report on Friday, November 6th. Citigroup reaffirmed a “neutral” rating on shares of Gildan Activewear in a research note on Tuesday, August 4th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 target price on shares of Gildan Activewear in a report on Monday. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.42.

Gildan Activewear Trading Down 2.2%

Shares of NYSE GIL opened at $35.67 on Monday. The firm has a 50 day moving average price of $43.18 and a two-hundred day moving average price of $54.86. The stock has a market cap of $6.61 billion, a P/E ratio of 31.85 and a beta of 1.15. Gildan Activewear has a 52-week low of $31.33 and a 52-week high of $73.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.22 and a current ratio of 2.32.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings results on Thursday, November 5th. The textile maker reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Gildan Activewear had a return on equity of 21.76% and a net margin of 3.77%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.62 billion. As a group, equities analysts forecast that Gildan Activewear will post 4.37 EPS for the current year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.2490 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. Gildan Activewear’s dividend payout ratio is 89.29%.

Institutional Trading of Gildan Activewear

A number of large investors have recently bought and sold shares of GIL. Bank of America Corp DE bought a new stake in Gildan Activewear in the second quarter worth approximately $65,193,000. VELA Investment Management LLC lifted its stake in Gildan Activewear by 42.5% in the second quarter. VELA Investment Management LLC now owns 107,941 shares of the textile maker’s stock valued at $5,570,000 after buying an additional 32,171 shares during the period. Nykredit A S bought a new position in shares of Gildan Activewear during the 2nd quarter worth approximately $2,389,000. Bank of New York Mellon Corp bought a new position in shares of Gildan Activewear during the 2nd quarter worth approximately $11,651,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Gildan Activewear during the 2nd quarter worth approximately $234,764,000. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear News Roundup

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

• Positive Sentiment: One investor alert says Gildan reported rising sales and reaffirmed its 2026 outlook, which could offer some support; however, the alert also highlights allegations that revenue was pulled forward. Article
• Negative Sentiment: The filed class action alleges Gildan misled investors during February 19, 2025–June 15, 2026, including through channel stuffing, distributor incentives, and revenue inflation. One notice cites roughly $500 million in pulled-forward revenue; these claims are allegations, not established findings. The lawsuit follows a reported 18%–18.7% stock drop. Article
• Negative Sentiment: Repeated law-firm notices may keep legal and reputational concerns in focus. Investors who bought during the stated class period have until December 14, 2026, to seek lead-plaintiff status. Article

About Gildan Activewear

Gildan Activewear Inc. is a Canadian apparel manufacturer headquartered in Montreal. Founded in 1984, the company produces and sells basic apparel, including T-shirts, fleece, underwear, socks and hosiery. Its brands include Gildan, American Apparel and Comfort Colors. The company serves wholesale distributors, screen printers, retailers and other customers, supplying products for both imprinting and everyday wear. Its vertically integrated operations span the manufacturing process, from yarn production and fabric-making to garment assembly and distribution.