Gildan Activewear, Inc. (NYSE:GIL) Receives Average Rating of “Moderate Buy” from Brokerages

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $79.7692.

Several equities analysts have commented on the company. Weiss Ratings cut Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Royal Bank Of Canada cut their price target on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, National Bank Financial upped their price target on Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Monday, February 2nd.

Hedge Funds Weigh In On Gildan Activewear

A number of hedge funds and other institutional investors have recently made changes to their positions in GIL. Polar Asset Management Partners Inc. acquired a new position in shares of Gildan Activewear in the 3rd quarter worth approximately $2,082,000. Wedge Capital Management L L P NC acquired a new position in shares of Gildan Activewear in the 4th quarter worth approximately $36,866,000. Envestnet Asset Management Inc. raised its holdings in shares of Gildan Activewear by 9.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 464,925 shares of the textile maker’s stock worth $26,873,000 after buying an additional 39,072 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Gildan Activewear by 257.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 49,176 shares of the textile maker’s stock worth $2,842,000 after buying an additional 35,436 shares in the last quarter. Finally, Intact Investment Management Inc. raised its holdings in shares of Gildan Activewear by 1.7% in the 3rd quarter. Intact Investment Management Inc. now owns 1,153,759 shares of the textile maker’s stock worth $66,661,000 after buying an additional 19,196 shares in the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Price Performance

Shares of NYSE:GIL opened at $61.19 on Friday. The business has a 50 day moving average price of $57.66 and a 200 day moving average price of $61.41. Gildan Activewear has a twelve month low of $46.00 and a twelve month high of $73.69. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 35.99 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Research analysts predict that Gildan Activewear will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

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.