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

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $66.2308.

A number of equities analysts have weighed in on GIL shares. Barclays boosted their target price on Gildan Activewear from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. TD Cowen increased their price objective on shares of Gildan Activewear from $67.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, October 6th. CIBC raised their target price on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperformer” rating in a report on Friday, August 1st. Stifel Nicolaus set a $75.00 target price on shares of Gildan Activewear and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Gildan Activewear in a report on Thursday, August 14th.

Hedge Funds Weigh In On Gildan Activewear

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Maseco LLP purchased a new position in shares of Gildan Activewear during the 2nd quarter worth $26,000. Smartleaf Asset Management LLC lifted its position in Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 343 shares in the last quarter. Twin Tree Management LP bought a new stake in Gildan Activewear during the first quarter valued at about $29,000. Olde Wealth Management LLC purchased a new stake in Gildan Activewear in the first quarter worth about $29,000. Finally, Farther Finance Advisors LLC increased its position in Gildan Activewear by 240.1% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker’s stock worth $43,000 after buying an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Price Performance

Shares of GIL opened at $60.70 on Friday. Gildan Activewear has a twelve month low of $37.16 and a twelve month high of $62.23. The company has a market capitalization of $9.05 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The firm has a 50 day moving average of $56.51 and a 200 day moving average of $50.59. The company has a quick ratio of 1.67, a current ratio of 3.87 and a debt-to-equity ratio of 1.37.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Thursday, July 31st. The textile maker reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. Gildan Activewear had a return on equity of 34.31% and a net margin of 14.55%.The business had revenue of $918.50 million for the quarter, compared to the consensus estimate of $908.41 million. During the same period last year, the business posted $0.74 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. As a group, equities research analysts anticipate that Gildan Activewear will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, August 21st. Gildan Activewear’s payout ratio is currently 28.57%.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.