Gildan Activewear, Inc. (NYSE:GIL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $78.2143.

Several brokerages recently issued reports on GIL. Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. Scotiabank restated a “sector outperform” rating and issued a $65.00 price objective (down from $72.00) on shares of Gildan Activewear in a research note on Wednesday, June 17th. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $77.00 target price on shares of Gildan Activewear in a research note on Friday, May 1st.

Hedge Funds Weigh In On Gildan Activewear

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Webster Bank N. A. acquired a new position in shares of Gildan Activewear in the fourth quarter valued at $25,000. Islay Capital Management LLC acquired a new stake in shares of Gildan Activewear during the 4th quarter worth about $25,000. Larson Financial Group LLC lifted its stake 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 worth $27,000 after buying an additional 422 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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 during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 during the period. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Performance

Shares of GIL stock opened at $52.44 on Monday. The stock has a market cap of $9.71 billion, a P/E ratio of 30.85 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The company has a fifty day moving average price of $56.16 and a two-hundred day moving average price of $60.56. Gildan Activewear has a one year low of $46.00 and a one year high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The company’s quarterly revenue was up 63.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities analysts predict that Gildan Activewear will post 4.25 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is 58.82%.

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.