Gildan Activewear (NYSE:GIL) Reaches New 12-Month Low – What’s Next?

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) reached a new 52-week low on Monday. The stock traded as low as $39.73 and last traded at $40.2350, with a volume of 1,269,851 shares changing hands. The stock had previously closed at $40.50.

Gildan Activewear News Summary

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

• Neutral Sentiment: The lawsuit covers investors who purchased Gildan securities between February 19, 2025, and June 15, 2026. Investors have until December 14, 2026, to seek appointment as lead plaintiff. The announcements are procedural and do not establish that Gildan committed wrongdoing. Deadline Alert article
• Negative Sentiment: Complaints allege that Gildan and certain executives inflated revenue through distributor “channel stuffing,” allegedly pulling roughly $500 million of revenue forward, masking weak organic demand, and overstating organic growth and internal-control effectiveness. The allegations could raise concerns about revenue quality, potential restatements, management credibility, litigation costs, and additional regulatory scrutiny. Hagens Berman investor alert Bleichmar Fonti class action article

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Stifel Nicolaus set a $83.00 price objective on Gildan Activewear and gave the company a “buy” rating in a report on Friday, July 31st. Citigroup reiterated a “neutral” rating on shares of Gildan Activewear in a research report on Tuesday, August 4th. TD lowered their target price on Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. BMO Capital Markets set a $64.00 target price on shares of Gildan Activewear and gave the stock an “outperform” rating in a research note on Monday. Finally, TD Securities decreased their price target on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $70.36.

Gildan Activewear Price Performance

The firm’s fifty day moving average price is $46.37 and its 200-day moving average price is $56.12.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.17. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the business earned $0.97 EPS. The company’s revenue for the quarter was up 72.3% compared to the same quarter last year. Sell-side analysts expect that Gildan Activewear, Inc. will post 4.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gildan Activewear

Several hedge funds have recently modified their holdings of the stock. Caisse de depot et placement du Quebec acquired a new position in Gildan Activewear during the second quarter worth $601,931,000. Janus Henderson Group PLC boosted its position in 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 purchasing an additional 98,134 shares during the period. Jupiter Topco LLC bought a new position in shares of Gildan Activewear in the second quarter valued at about $573,363,000. Royal Bank of Canada lifted its stake in shares of Gildan Activewear by 20.9% during the 1st quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker’s stock worth $384,629,000 after buying an additional 1,193,718 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of 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 buying an additional 909,001 shares during the period. Institutional investors own 82.83% of the company’s stock.

About Gildan Activewear

Gildan Activewear Inc is a Montreal, Quebec-based apparel manufacturer that produces and sells everyday basic clothing for consumers and businesses. The company’s product portfolio includes activewear, T-shirts, fleece garments, underwear, socks and hosiery, as well as other apparel basics.

Gildan sells products primarily through wholesale distributors and screen printers, who supply decorated apparel to businesses, schools, teams, organizations and retailers. Its portfolio includes the Gildan, American Apparel, Comfort Colors, Gold Toe and Anvil brands.