Gildan Activewear (TSE:GIL) Stock Rating Lowered by Scotiabank

Gildan Activewear (TSE:GIL) (NYSE:GIL) was downgraded by equities research analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday, Zacks reports.

GIL has been the topic of several other reports. Scotia lowered their target price on Gildan Activewear from C$67.00 to C$53.00 and set a “sector outperform” rating on the stock in a research report on Tuesday. Canaccord Genuity Group cut shares of Gildan Activewear from a “strong-buy” rating to a “hold” rating in a research note on Thursday. National Bank Financial reduced their price objective on shares of Gildan Activewear from C$107.00 to C$98.00 and set an “outperform” rating for the company in a report on Monday, October 19th. Finally, Desjardins decreased their target price on shares of Gildan Activewear from C$108.00 to C$90.00 and set a “buy” rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$80.25.

Gildan Activewear Stock Performance

Shares of TSE:GIL traded down C$0.04 during trading hours on Friday, hitting C$49.00. The stock had a trading volume of 1,945,268 shares, compared to its average volume of 665,777. The stock’s fifty day simple moving average is C$61.54 and its 200 day simple moving average is C$76.50. The firm has a market capitalization of C$9.07 billion, a price-to-earnings ratio of 96.08, a PEG ratio of 4.55 and a beta of 1.77. The company has a debt-to-equity ratio of 145.29, a quick ratio of 0.87 and a current ratio of 1.93. Gildan Activewear has a 1-year low of C$43.69 and a 1-year high of C$100.44.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings data on Thursday, November 5th. The company reported C$2.18 earnings per share (EPS) for the quarter. The business had revenue of C$2.08 billion during the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. Sell-side analysts anticipate that Gildan Activewear will post 4.55 earnings per share for the current fiscal year.

Insider Activity

In other Gildan Activewear news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$75.93, for a total value of C$607,440.00. Following the transaction, the insider owned 2,243 shares of the company’s stock, valued at approximately C$170,310.99. This represents a 78.10% decrease in their ownership of the stock. Corporate insiders own 2.26% of the company’s stock.

More 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

About Gildan Activewear

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.