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

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have received a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $78.2143.

GIL has been the topic of a number of recent research reports. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Wednesday, June 3rd. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. Stifel Nicolaus raised their price target on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. TD Securities reissued a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Finally, Scotiabank reissued a “sector outperform” rating and issued a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a report on Wednesday, June 17th.

Institutional Investors Weigh In On Gildan Activewear

Institutional investors have recently added to or reduced their stakes in the business. Webster Bank N. A. acquired a new stake in Gildan Activewear in the fourth quarter worth about $25,000. Islay Capital Management LLC acquired a new stake in Gildan Activewear in the fourth quarter worth about $25,000. Larson Financial Group LLC raised its stake in shares of Gildan Activewear by 3,516.7% in the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after purchasing an additional 422 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Gildan Activewear by 161.8% in the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after purchasing an additional 343 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Gildan Activewear by 14,833.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after purchasing an additional 445 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Price Performance

Shares of GIL stock opened at $52.16 on Thursday. Gildan Activewear has a 1-year low of $46.00 and a 1-year high of $73.69. The stock’s 50-day moving average is $57.98 and its 200 day moving average is $61.39. The company has a market cap of $9.66 billion, a P/E ratio of 30.68 and a beta of 1.08. 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 (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $0.59 earnings per share. 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 fiscal year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were issued a $0.249 dividend. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is currently 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.