Gildan Activewear (NYSE:GIL) Issues FY 2026 Earnings Guidance

Gildan Activewear (NYSE:GIL) (TSE:GIL) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 4.200-4.400 for the period, compared to the consensus estimate of 4.290. The company issued revenue guidance of $6.0 billion-$6.2 billion, compared to the consensus revenue estimate of $6.1 billion.

Gildan Activewear Stock Down 2.3%

Shares of NYSE:GIL opened at $51.92 on Friday. The company has a market capitalization of $9.61 billion, a PE ratio of 30.54 and a beta of 1.08. The business has a fifty day moving average price of $58.20 and a two-hundred day moving average price of $61.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. Gildan Activewear has a 1 year low of $46.00 and a 1 year high of $73.69.

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

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.249 per share. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Gildan Activewear’s dividend payout ratio is currently 58.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a report on Wednesday, June 3rd. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $77.00 price objective on shares of Gildan Activewear in a report on Friday, May 1st. Weiss Ratings cut shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Gildan Activewear in a research note on Wednesday. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Gildan Activewear presently has an average rating of “Moderate Buy” and an average price target of $78.21.

Trending Headlines about Gildan Activewear

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

• Negative Sentiment: A forensic research report alleged Gildan may have used channel stuffing and inflated distributor inventory, raising questions about the quality of reported sales and revenue recognition. Article: Gildan Activewear Inc. (GIL) Shares Tumble 18% Amid Activist Forensic Report…
• Negative Sentiment: Multiple law firms announced securities-fraud investigations following the stock drop, adding legal overhang and signaling that investors are treating the allegations as potentially serious. Article: Securities Fraud Investigation Into Gildan Activewear Inc. (GIL) Announced
• Negative Sentiment: Media reports said the shares dropped as much as 25% on the short-seller growth accusations, reinforcing the market’s concern about possible accounting or demand issues. Article: Gildan share price drops as much as 25 per cent on short seller growth accusations
• Negative Sentiment: Additional investigations from other law firms followed, increasing uncertainty around the company’s disclosures and near-term sentiment. Article: Gildan Activewear Investigation Initiated: Levi & Korsinsky Investigates…
• Neutral Sentiment: Before the short-seller controversy, analysts had been constructive, with Scotia trimming its price target to $65 while keeping a sector-outperform rating. Article: Analyst rating update

Institutional Trading of Gildan Activewear

Several institutional investors and hedge funds have recently bought and sold shares of GIL. Inspire Investing LLC bought a new position in shares of Gildan Activewear in the fourth quarter worth approximately $91,000. Kestra Advisory Services LLC purchased a new position in shares of Gildan Activewear in the fourth quarter worth approximately $139,000. Advyzon Investment Management LLC bought a new position in shares of Gildan Activewear during the 4th quarter valued at approximately $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Gildan Activewear in the 4th quarter worth approximately $80,000. Finally, Stirlingshire Investments Inc. purchased a new position in shares of Gildan Activewear in the fourth quarter worth $219,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

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.