Gildan Activewear (NYSE:GIL) Price Target Raised to $67.00 at Scotia

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price target hoisted by Scotia from $65.00 to $67.00 in a research report released on Friday,BayStreet.CA reports. Scotia currently has a sector outperform rating on the textile maker’s stock.

Several other equities research analysts also recently commented on GIL. Royal Bank Of Canada reissued an “outperform” rating and issued a $82.00 price objective (up from $78.00) on shares of Gildan Activewear in a report on Friday. Scotiabank restated a “sector outperform” rating and set a $67.00 target price (up from $65.00) on shares of Gildan Activewear in a report on Friday. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. Stifel Nicolaus set a $83.00 price target on shares of Gildan Activewear and gave the company a “buy” rating in a research note on Friday. Finally, UBS Group reissued a “buy” rating on shares of Gildan Activewear in a research report on Friday, July 17th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.07.

Gildan Activewear Stock Performance

Shares of GIL opened at $55.38 on Friday. Gildan Activewear has a 12 month low of $46.00 and a 12 month high of $73.69. The firm has a fifty day simple moving average of $54.45 and a 200 day simple moving average of $59.46. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 106.50 and a beta of 1.11. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, July 30th. The textile maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.17. Gildan Activewear had a net margin of 1.28% and a return on equity of 22.00%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was up 72.3% compared to the same quarter last year. Research analysts forecast that Gildan Activewear will post 4.7 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Thursday, August 20th will be paid a $0.249 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Gildan Activewear’s dividend payout ratio is 190.38%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GIL. Janus Henderson Group PLC boosted its holdings in shares of Gildan Activewear by 0.9% during the first quarter. Janus Henderson Group PLC now owns 10,593,203 shares of the textile maker’s stock worth $589,508,000 after acquiring an additional 98,134 shares during the period. Vanguard Group Inc. increased its stake in shares of Gildan Activewear by 26.0% during the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after purchasing an additional 1,561,729 shares during the period. Royal Bank of Canada increased its stake in shares of Gildan Activewear by 20.9% during the first quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker’s stock worth $384,629,000 after purchasing an additional 1,193,718 shares during the period. Mackenzie Financial Corp lifted its holdings in Gildan Activewear by 41.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock worth $429,382,000 after purchasing an additional 2,001,279 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings 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 last quarter. 82.83% of the stock is owned by institutional investors.

More Gildan Activewear News

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

• Positive Sentiment: Scotia raised its price target for GIL from $65 to $67 and upgraded the stock to “sector outperform,” implying approximately 20% upside from the cited market price. BayStreet.CA analyst rating
• Positive Sentiment: Gildan reported second-quarter adjusted earnings of $1.28 per share, beating the $1.11 consensus estimate and rising from $0.97 a year earlier. Revenue from continuing operations reached $1.58 billion, up 72.3% year over year, while operating margin was 11.1% and adjusted operating margin was 22.3%. The company also updated its full-year 2026 guidance. Gildan second-quarter results
• Positive Sentiment: The company declared a quarterly dividend of $0.249 per share, payable September 14 to shareholders of record August 20. The dividend represents an annualized yield of approximately 1.8%, supporting the stock’s income appeal.
• Positive Sentiment: Gildan announced the sale of HanesBrands Australia, a move that could simplify its portfolio and sharpen focus on core operations. Retail Insider report
• Neutral Sentiment: Despite adjusted earnings strength, reported coverage highlighted a $50 million quarterly net loss, and revenue of $1.58 billion was below the $1.61 billion analyst consensus. MarketBeat earnings report
• Neutral Sentiment: Unusually high trading in Gildan put options signals that some investors are positioning for downside, although options activity alone does not establish the stock’s future direction. Put options report
• Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims alleging that Gildan may have issued materially misleading business information. The investigation could create legal costs, reputational risk and uncertainty for shareholders, although no wrongdoing has been established. Rosen Law Firm investigation

Gildan Activewear Company Profile

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.