Scotiabank Lifts Earnings Estimates for Gildan Activewear

Posted by Brian Himes on Aug 7th, 2026

Gildan Activewear, Inc. (NYSE:GIL – Free Report) (TSE:GIL) – Scotiabank raised their FY2026 earnings estimates for shares of Gildan Activewear in a report issued on Tuesday, August 4th. Scotiabank analyst J. Zamparo now anticipates that the textile maker will earn $4.63 per share for the year, up from their prior forecast of $4.20. Scotiabank has a “Sector Outperform” rating and a $67.00 price objective on the stock. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.68 per share.

Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last announced its earnings results on Thursday, July 30th. The textile maker reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.17. Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The company’s revenue was up 72.3% on a year-over-year basis.

Several other research analysts also recently issued reports on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $77.00 price objective on shares of Gildan Activewear in a report on Friday, May 1st. UBS Group lifted their target price on Gildan Activewear from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Scotia boosted their target price on Gildan Activewear from $65.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 31st. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $82.00 price target (up from $78.00) on shares of Gildan Activewear in a report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and an average target price of $79.07.

Read Our Latest Stock Report on Gildan Activewear

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at $58.19 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.93 and a quick ratio of 1.01. The firm has a market cap of $10.78 billion, a P/E ratio of 111.91 and a beta of 1.11. The firm has a 50 day simple moving average of $54.22 and a 200 day simple moving average of $59.27. Gildan Activewear has a fifty-two week low of $46.00 and a fifty-two week high of $73.69.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.249 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Gildan Activewear’s payout ratio is presently 190.38%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Janus Henderson Group PLC increased its holdings in Gildan Activewear by 0.9% in the first quarter. Janus Henderson Group PLC now owns 10,593,203 shares of the textile maker’s stock valued at $589,508,000 after purchasing an additional 98,134 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Gildan Activewear by 26.0% during the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after buying an additional 1,561,729 shares during the period. Royal Bank of Canada grew its position in shares of Gildan Activewear by 20.9% during the 1st quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker’s stock worth $384,629,000 after buying an additional 1,193,718 shares during the period. Mackenzie Financial Corp increased its stake in shares of Gildan Activewear by 41.2% in the 4th quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock valued at $429,382,000 after acquiring an additional 2,001,279 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Gildan Activewear by 15.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,706,078 shares of the textile maker’s stock valued at $373,122,000 after acquiring an additional 909,001 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Company Profile

(Get Free Report)

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.