Gildan Activewear (NYSE:GIL) Sets New 1-Year Low After Earnings Miss

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) hit a new 52-week low during trading on Thursday following a dissappointing earnings announcement. The company traded as low as $33.10 and last traded at $31.8180, with a volume of 189,072 shares changing hands. The stock had previously closed at $43.27.

The textile maker reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.06). Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%.

Key Gildan Activewear News

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

• Positive Sentiment: Third-quarter net sales from continuing operations rose 61.1% year over year to $1.47 billion. Operating margin was 24.1%, and adjusted operating margin was 27.0%. Earnings per share increased to $1.54 from $1.00 a year earlier. The company also updated its 2026 guidance, though the release summary provided no details on the direction of that revision. Gildan third-quarter results and guidance
• Neutral Sentiment: The quarter’s $1.54 EPS fell short of analyst estimates of $1.57–$1.60, and Zacks also reported a revenue miss. The earnings shortfall tempers the strong sales and margin figures. Zacks earnings report
• Negative Sentiment: Multiple law firms publicized a securities class action against Gildan concerning investors who acquired shares from February 19, 2025, through June 15, 2026. The lawsuit alleges, among other things, that the company pulled roughly $500 million of apparel revenue forward through channel stuffing, and raises questions about internal controls. These are allegations, not established findings; the lead-plaintiff deadline is December 14, 2026. Class action allegations and deadline

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GIL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Gildan Activewear in a research report on Thursday, August 13th. Scotia raised their price target on Gildan Activewear from $65.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, July 31st. TD Securities cut their price objective on Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. BMO Capital Markets set a $64.00 target price on Gildan Activewear and gave the stock an “outperform” rating in a report on Monday, October 26th. Finally, Stifel Nicolaus set a $83.00 price target on shares of Gildan Activewear and gave the company a “buy” rating in a research report on Friday, July 31st. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and an average target price of $69.00.

Institutional Trading of Gildan Activewear

Several institutional investors and hedge funds have recently modified their holdings of GIL. Caisse de depot et placement du Quebec acquired a new position in shares of Gildan Activewear in the second quarter worth about $601,931,000. Jupiter Topco LLC purchased a new position in Gildan Activewear during the second quarter worth $573,363,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Gildan Activewear in the second quarter worth $234,764,000. Bank of America Corp DE bought a new stake in shares of Gildan Activewear in the 2nd quarter valued at approximately $65,193,000. Finally, Royal Bank of Canada grew its stake in shares of Gildan Activewear by 20.9% in 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 in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Down 25.3%

The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. The business’s 50 day simple moving average is $44.58 and its 200 day simple moving average is $55.45. The company has a market capitalization of $5.98 billion, a PE ratio of 61.76 and a beta of 1.15.

Gildan Activewear Company Profile

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.