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

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $78.2143.

A number of research firms recently commented on GIL. Weiss Ratings cut shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Scotia decreased their price objective on Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating for the company in a report on Wednesday. UBS Group reissued a “buy” rating on shares of Gildan Activewear in a research report on Wednesday, June 3rd. Scotiabank reissued a “sector outperform” rating and set a $65.00 target price (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday. Finally, TD Securities reissued a “buy” rating on shares of Gildan Activewear in a research report on Tuesday.

Key Gildan Activewear News

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

• Positive Sentiment: Scotia still kept an “sector outperform” rating on Gildan while trimming its price target to $65 from $72, suggesting the stock may still have upside from current levels.
• Neutral Sentiment: Multiple law firms, including Glancy Prongay Wolke & Rotter, Siskinds LLP, Johnson Fistel, Block & Leviton, Rosen Law Firm, and others, announced securities-fraud investigations tied to the short-seller allegations. These notices add legal uncertainty but are still preliminary. Glancy Prongay Wolke & Rotter LLP investigation
• Neutral Sentiment: Gildan issued a statement denying any wrongdoing and saying its financial and governance disclosures are accurate, which may help limit long-term damage if the company can prove the short report wrong. Gildan Activewear issues statement regarding recent short seller report
• Negative Sentiment: The short-seller allegations and resulting stock drop have sparked a wave of legal scrutiny, which can weigh on sentiment and increase volatility until investors get clearer evidence on sales, inventory, and accounting practices.

Gildan Activewear Stock Up 5.5%

Shares of GIL stock opened at $53.11 on Thursday. The company’s fifty day simple moving average is $58.24 and its two-hundred day simple moving average is $61.50. Gildan Activewear has a 52 week low of $46.00 and a 52 week high of $73.69. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. The stock has a market cap of $9.83 billion, a P/E ratio of 31.24 and a beta of 1.08.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating 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 last year, the firm posted $0.59 earnings per share. Gildan Activewear’s revenue for the quarter was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts predict that Gildan Activewear will post 4.25 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were given a $0.249 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Webster Bank N. A. purchased a new position in Gildan Activewear during the 4th quarter worth approximately $25,000. Islay Capital Management LLC purchased a new position in shares of Gildan Activewear during the 4th quarter valued at approximately $25,000. Larson Financial Group LLC lifted its position in shares of Gildan Activewear by 3,516.7% during the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after buying an additional 422 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Gildan Activewear by 161.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after buying an additional 343 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Gildan Activewear by 14,833.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after buying an additional 445 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

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.