Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) was downgraded by equities research analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a report released on Friday, Marketbeat.com reports. They presently have a $39.00 price objective on the textile maker’s stock. Scotiabank‘s target price points to a potential upside of 11.97% from the company’s previous close.
A number of other analysts also recently commented on GIL. TD dropped their price objective on Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, September 24th. UBS Group set a $38.00 target price on Gildan Activewear and gave the company a “neutral” rating in a report on Friday. TD Securities lowered their price target on Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. TD Cowen restated a “buy” rating on shares of Gildan Activewear in a research note on Friday. Finally, William Blair set a $49.00 price target on Gildan Activewear in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.91.
Get Our Latest Stock Analysis on Gildan Activewear
Gildan Activewear Stock Performance
NYSE GIL opened at $34.83 on Friday. The business’s 50-day moving average price is $44.21 and its 200 day moving average price is $55.31. Gildan Activewear has a twelve month low of $31.33 and a twelve month high of $73.69. The company has a market capitalization of $6.45 billion, a PE ratio of 11.79 and a beta of 1.15. The company has a current ratio of 1.93, a quick ratio of 1.01 and a debt-to-equity ratio of 1.15.
Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last posted its quarterly earnings results on Thursday, November 5th. The textile maker reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%. On average, research analysts predict that Gildan Activewear will post 4.63 earnings per share for the current year.
Institutional Investors Weigh In On Gildan Activewear
Several institutional investors have recently bought and sold shares of the business. Caisse de depot et placement du Quebec purchased a new position in shares of Gildan Activewear in the 2nd quarter valued at $601,931,000. Janus Henderson Group PLC lifted its holdings in shares of Gildan Activewear by 0.9% during the 1st quarter. Janus Henderson Group PLC now owns 10,593,203 shares of the textile maker’s stock valued at $589,508,000 after acquiring an additional 98,134 shares in the last quarter. Jupiter Topco LLC acquired a new position in shares of Gildan Activewear during the 2nd quarter valued at $573,363,000. Royal Bank of Canada lifted its holdings 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 valued at $384,629,000 after acquiring an additional 1,193,718 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Gildan Activewear by 15.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 6,706,078 shares of the textile maker’s stock worth $373,122,000 after purchasing an additional 909,001 shares during the period. 82.83% of the stock is currently owned by hedge funds and other institutional investors.
Gildan Activewear News Roundup
Here are the key news stories impacting Gildan Activewear this week:
- Positive Sentiment: Third-quarter net sales from continuing operations rose 61.1% year over year to $1.47 billion; reported operating margin was 24.1% and adjusted operating margin was 27.0%. Gildan Q3 results and guidance update
- Negative Sentiment: Gildan reported third-quarter EPS of $1.54, below the $1.57 consensus estimate, despite rising from $1.00 a year earlier. The earnings shortfall may have disappointed investors. Gildan misses Q3 estimates
- Negative Sentiment: A securities class action has been filed on behalf of investors who bought Gildan shares from February 19, 2025, through June 15, 2026. The suit alleges securities-law violations, including claims related to roughly $500 million in apparel revenue allegedly pulled forward; these are allegations, not established findings. The lead-plaintiff deadline is December 14, 2026. Class action allegations and deadline
About Gildan Activewear
Gildan Activewear Inc is a Montreal, Quebec-based apparel manufacturer that produces and sells everyday basic clothing for consumers and businesses. The company’s product portfolio includes activewear, T-shirts, fleece garments, underwear, socks and hosiery, as well as other apparel basics.
Gildan sells products primarily through wholesale distributors and screen printers, who supply decorated apparel to businesses, schools, teams, organizations and retailers. Its portfolio includes the Gildan, American Apparel, Comfort Colors, Gold Toe and Anvil brands.
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