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

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $74.4615.

GIL has been the subject of a number of recent research reports. Citigroup lowered Gildan Activewear from a “buy” rating to a “neutral” rating and boosted their target price for the company from $60.00 to $63.00 in a research note on Monday, October 20th. Scotiabank set a $66.00 price objective on Gildan Activewear and gave the company an “outperform” rating in a research report on Thursday, October 30th. National Bankshares reissued an “outperform” rating on shares of Gildan Activewear in a research note on Thursday, October 23rd. Desjardins lifted their target price on shares of Gildan Activewear from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, Barclays reissued an “overweight” rating and set a $70.00 price target (up previously from $64.00) on shares of Gildan Activewear in a research report on Thursday, October 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its holdings in Gildan Activewear by 867.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after buying an additional 460 shares during the period. Maseco LLP bought a new position in shares of Gildan Activewear during the second quarter valued at approximately $26,000. CIBC Private Wealth Group LLC lifted its stake in Gildan Activewear by 169.0% in the third quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock worth $31,000 after acquiring an additional 338 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Gildan Activewear by 161.8% in the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 343 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Gildan Activewear in the third quarter valued at $36,000. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at $63.12 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.88 and a current ratio of 2.01. Gildan Activewear has a 52-week low of $37.16 and a 52-week high of $65.43. The company has a fifty day moving average of $58.95 and a 200-day moving average of $55.30. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 20.17 and a beta of 1.12.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.53%. The business had revenue of $910.60 million during the quarter, compared to the consensus estimate of $925.24 million. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter 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 expect that Gildan Activewear will post 3.48 EPS for the current year.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, November 19th. Gildan Activewear’s dividend payout ratio is currently 28.75%.

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.