Gildan Activewear, Inc. (NYSE:GIL) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $79.7692.

A number of analysts have recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a research note on Friday, May 1st. TD Securities reiterated a “buy” rating and issued a $77.00 price target on shares of Gildan Activewear in a research note on Tuesday, January 27th. BMO Capital Markets lifted their price target on shares of Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Scotiabank reduced their price target on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a research note on Monday, May 4th.

Institutional Trading of Gildan Activewear

Several large investors have recently added to or reduced their stakes in GIL. Webster Bank N. A. purchased a new position in Gildan Activewear during the fourth quarter valued at approximately $25,000. Islay Capital Management LLC purchased a new position in Gildan Activewear during the fourth quarter valued at approximately $25,000. Larson Financial Group LLC lifted its holdings in Gildan Activewear by 3,516.7% during the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 422 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 343 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Gildan Activewear by 14,833.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 445 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Stock Performance

Shares of GIL stock opened at $58.11 on Friday. The company has a 50 day moving average price of $57.57 and a 200-day moving average price of $61.29. Gildan Activewear has a 52 week low of $46.00 and a 52 week high of $73.69. The firm has a market capitalization of $10.76 billion, a PE ratio of 34.18 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 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was up 63.8% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities research analysts expect that Gildan Activewear will post 4.25 earnings per share for the current year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be paid a $0.249 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Gildan Activewear’s payout ratio 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.