Gildan Activewear (NYSE:GIL) Given a $80.00 Price Target by Stifel Nicolaus Analysts

Gildan Activewear (NYSE:GIL) (TSE:GIL) received a $80.00 price objective from equities researchers at Stifel Nicolaus in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 48.79% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Gildan Activewear in a report on Wednesday, June 17th. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Scotiabank reiterated a “sector outperform” rating and set a $65.00 price objective (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. Weiss Ratings lowered Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, UBS Group restated a “buy” rating on shares of Gildan Activewear in a report on Friday. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gildan Activewear presently has an average rating of “Moderate Buy” and a consensus price target of $78.21.

Gildan Activewear Stock Performance

NYSE:GIL opened at $53.77 on Monday. The company has a market cap of $9.96 billion, a P/E ratio of 31.63 and a beta of 1.11. Gildan Activewear has a twelve month low of $46.00 and a twelve month high of $73.69. The company’s 50-day moving average price is $55.26 and its 200-day moving average price is $60.08. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. Gildan Activewear’s revenue was up 63.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, sell-side analysts forecast that Gildan Activewear will post 4.25 earnings per share for the current fiscal year.

Institutional Trading of Gildan Activewear

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Gildan Activewear by 49.3% in the first quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock worth $584,000 after acquiring an additional 4,360 shares during the period. Goldman Sachs Group Inc. raised its position in Gildan Activewear by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after purchasing an additional 503,359 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Gildan Activewear by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock valued at $8,251,000 after purchasing an additional 4,714 shares during the period. Cetera Investment Advisers raised its position in Gildan Activewear by 2.1% in the second quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after purchasing an additional 259 shares during the period. Finally, Prudential Financial Inc. acquired a new position in shares of Gildan Activewear in the 2nd quarter valued at $317,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

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.