Gildan Activewear (TSE:GIL) Stock Bumped Down to Hold by Canaccord Genuity Group

Canaccord Genuity Group lowered shares of Gildan Activewear (TSE:GIL) (NYSE:GIL) from a strong-buy rating to a hold rating in a research note published on Thursday morning,Zacks reports.

GIL has been the subject of several other research reports. Scotia lowered their price objective on Gildan Activewear from C$67.00 to C$53.00 and set a “sector outperform” rating for the company in a research report on Tuesday. Desjardins cut their target price on shares of Gildan Activewear from C$108.00 to C$90.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, National Bank Financial decreased their target price on shares of Gildan Activewear from C$107.00 to C$98.00 and set an “outperform” rating on the stock in a research note on Monday, October 19th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average price target of C$80.25.

Gildan Activewear Trading Down 0.1%

Shares of TSE GIL traded down C$0.04 during midday trading on Thursday, reaching C$49.00. The company had a trading volume of 1,945,268 shares, compared to its average volume of 665,777. Gildan Activewear has a one year low of C$43.69 and a one year 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 firm’s fifty day moving average price is C$61.54 and its 200-day moving average price is C$76.50. The stock has a market cap of C$9.07 billion, a PE ratio of 96.08, a price-to-earnings-growth ratio of 4.55 and a beta of 1.77.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Thursday, November 5th. The company reported C$2.18 earnings per share for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. The company had revenue of C$2.08 billion during the quarter. On average, equities research 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. Investors of record on Monday, September 14th were paid a $0.2490 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. Gildan Activewear’s dividend payout ratio (DPR) is presently 186.27%.

Insider Activity

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

Key Gildan Activewear News

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

• Positive Sentiment: Gildan authorized a share buyback plan, which could provide some support for the stock, although the reports do not specify its size. Gildan Activewear Inc. authorizes a Buyback Plan
• Negative Sentiment: Management cut its 2026 outlook amid a rapid change in market conditions and withdrew its 2026–2028 objectives. It now expects 2026 revenue of $5.4 billion–$5.5 billion and free cash flow of $700 million–$750 million. The lower outlook and reduced visibility are significant headwinds. Gildan 2026 outlook
• Negative Sentiment: Third-quarter pro forma sales fell 8.7% and missed expectations. Adjusted earnings rose 54% year over year but also came in below forecasts, suggesting that stronger earnings growth did not offset weakness in demand. Third-quarter results
• Negative Sentiment: UBS said business headwinds could persist through 2027, while TD Cowen lowered its price target to $49. These updates reinforce concern that recovery may take time. UBS outlook TD Cowen price target
• Negative Sentiment: Investor law firms publicized a securities class action and a December 14 lead-plaintiff deadline, adding litigation-related uncertainty. These notices are not findings of wrongdoing. Class action notice

Gildan Activewear Company Profile

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.