Gildan Activewear (TSE:GIL) Stock Gets Price Target Cut from Desjardins

Posted by Brenda Bartman on Nov 6th, 2026

Gildan Activewear (TSE:GIL – Free Report) (NYSE:GIL) had its price target trimmed by Desjardins from C$108.00 to C$90.00 in a research note issued to investors on Tuesday,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently commented on GIL. Scotia reduced their target price on shares of Gildan Activewear from C$67.00 to C$53.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. National Bank Financial dropped their price target on shares of Gildan Activewear from C$107.00 to C$98.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$80.25.

View Our Latest Research Report on Gildan Activewear

Gildan Activewear Stock Down 18.9%

TSE GIL opened at C$49.04 on Tuesday. Gildan Activewear has a 52 week low of C$43.69 and a 52 week high of C$100.44. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 145.29. The business’s fifty day simple moving average is C$62.03 and its 200-day simple moving average is C$76.69. The firm has a market cap of C$9.08 billion, a PE ratio of 96.16, a P/E/G ratio of 4.55 and a beta of 1.77.

Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last announced its quarterly earnings results on Thursday, November 5th. The company reported C$2.18 earnings per share for the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. The firm had revenue of C$2.08 billion for the quarter. As a group, equities analysts anticipate that Gildan Activewear will post 4.55 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 14th were given a $0.2490 dividend. The ex-dividend date was Thursday, August 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. Gildan Activewear’s payout ratio is currently 186.27%.

Insider Activity at Gildan Activewear

In other news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$75.93, for a total value of C$607,440.00. Following the transaction, the insider owned 2,243 shares of the company’s stock, valued at C$170,310.99. This represents a 78.10% decrease in their position. 2.26% of the stock is currently owned by company insiders.

Gildan Activewear News Summary

Here are the key news stories impacting Gildan Activewear this week:

Positive Sentiment: Gildan authorized a share-buyback plan, which could support shareholder returns. Gildan Activewear Inc. authorizes a Buyback Plan
Neutral Sentiment: The company reported third-quarter EPS of C$2.18 and revenue of C$2.08 billion; the available report did not provide enough detail to assess the earnings figure against expectations. 2026 Third Quarter Shareholder Report
Neutral Sentiment: Desjardins maintained its Buy rating, although analyst price-target reductions were also reported, reflecting a more cautious outlook. Desjardins rating update
Negative Sentiment: The FY2026 outlook cut and third-quarter sales shortfall were the clearest near-term pressures on the shares, with the company pointing to macro headwinds and rapidly changing conditions. Gildan cuts outlook and misses third-quarter sales targets
Negative Sentiment: A securities class action and a December 14, 2026 lead-plaintiff deadline add legal uncertainty; the notice reports allegations, not a finding of wrongdoing. Class-action notice

About Gildan Activewear

(Get Free Report)

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion which is under an exclusive licensing agreement for the printwear channel in the U.S.