Brokerages Set Gildan Activewear, Inc. (NYSE:GIL) Target Price at $74.46

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has earned a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $74.4615.

GIL has been the topic of several recent analyst reports. Barclays reissued an “overweight” rating and set a $70.00 price objective (up previously from $64.00) on shares of Gildan Activewear in a research note on Thursday, October 30th. National Bankshares reissued an “outperform” rating on shares of Gildan Activewear in a research report on Thursday, October 23rd. Royal Bank Of Canada upped their price objective on shares of Gildan Activewear from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Zacks Research downgraded Gildan Activewear from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, Scotiabank set a $66.00 target price on Gildan Activewear and gave the stock an “outperform” rating in a report on Thursday, October 30th.

Gildan Activewear Stock Performance

GIL stock opened at $66.29 on Monday. Gildan Activewear has a twelve month low of $37.16 and a twelve month high of $66.74. The company has a quick ratio of 0.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.94. The company has a market cap of $12.27 billion, a P/E ratio of 21.18 and a beta of 1.11. The business’s fifty day moving average is $60.75 and its 200-day moving average is $57.41.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Wednesday, October 29th. The textile maker reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Gildan Activewear had a return on equity of 35.53% and a net margin of 14.13%.The business had revenue of $910.60 million during the quarter, compared to the consensus estimate of $925.24 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. Equities research analysts forecast that Gildan Activewear will post 3.48 EPS for the current year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Wednesday, November 19th were given a $0.226 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $0.90 annualized dividend and a dividend yield of 1.4%. Gildan Activewear’s payout ratio is currently 28.75%.

Institutional Trading of Gildan Activewear

Several hedge funds have recently bought and sold shares of GIL. Azzad Asset Management Inc. ADV boosted its holdings in shares of Gildan Activewear by 1.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 63,288 shares of the textile maker’s stock valued at $3,953,000 after buying an additional 959 shares during the period. Sound Income Strategies LLC bought a new stake in Gildan Activewear in the 4th quarter valued at $53,000. Blue Trust Inc. boosted its stake in Gildan Activewear by 16.1% in the 4th quarter. Blue Trust Inc. now owns 2,634 shares of the textile maker’s stock worth $165,000 after purchasing an additional 366 shares during the period. Nisa Investment Advisors LLC bought a new position in Gildan Activewear during the 4th quarter worth about $32,000. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Gildan Activewear by 2.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 55,710 shares of the textile maker’s stock worth $3,487,000 after purchasing an additional 1,237 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

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.