Gildan Activewear (NYSE:GIL) Price Target Raised to $74.00

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price target raised by Scotiabank from $72.00 to $74.00 in a research note released on Monday,Benzinga reports. They currently have a sector outperform rating on the textile maker’s stock.

Several other equities research analysts have also recently issued reports on the stock. TD Securities reaffirmed a “buy” rating and set a $77.00 target price on shares of Gildan Activewear in a research note on Tuesday, January 27th. Royal Bank Of Canada cut their price objective on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Monday. BMO Capital Markets boosted their target price on Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $79.00 price target on shares of Gildan Activewear in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gildan Activewear in a research report on Monday, December 29th. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and a consensus price target of $80.08.

Gildan Activewear Stock Up 0.5%

Shares of NYSE GIL opened at $67.19 on Monday. The company’s 50-day simple moving average is $66.90 and its 200-day simple moving average is $61.04. Gildan Activewear has a 52-week low of $37.16 and a 52-week high of $73.69. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 25.65 and a beta of 1.05. The company has a quick ratio of 1.05, a current ratio of 2.11 and a debt-to-equity ratio of 1.16.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.35). Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Equities analysts predict that Gildan Activewear will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be given a $0.249 dividend. The ex-dividend date is Thursday, March 19th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.5%. Gildan Activewear’s dividend payout ratio (DPR) is currently 34.35%.

Institutional Trading of Gildan Activewear

Hedge funds and other institutional investors have recently modified their holdings of the business. Webster Bank N. A. acquired a new position in Gildan Activewear in the fourth quarter valued at about $25,000. Islay Capital Management LLC acquired a new stake in shares of Gildan Activewear during the fourth quarter valued at about $25,000. Larson Financial Group LLC raised its stake in shares of Gildan Activewear by 3,516.7% in the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 422 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Gildan Activewear by 161.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after acquiring an additional 343 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Gildan Activewear by 14,833.3% during the 4th 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 period. 82.83% of the stock is owned by institutional investors and hedge funds.

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.