Gildan Activewear (NYSE:GIL) Downgraded by Scotiabank to Sector Perform

Gildan Activewear (NYSE:GIL) (TSE:GIL) was downgraded by equities researchers at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research report issued on Friday, Marketbeat Ratings reports. They presently have a $39.00 price objective on the textile maker’s stock. Scotiabank‘s price target suggests a potential upside of 11.97% from the stock’s current price.

Several other brokerages also recently issued reports on GIL. Royal Bank Of Canada cut their price objective on Gildan Activewear from $82.00 to $70.00 and set an “outperform” rating for the company in a research report on Tuesday, October 20th. TD Securities lowered their target price 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 company an “outperform” rating in a report on Monday, October 26th. TD Cowen reissued a “buy” rating on shares of Gildan Activewear in a research report on Friday. Finally, Stifel Nicolaus set a $83.00 price target on Gildan Activewear and gave the stock a “buy” rating in a report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.91.

Gildan Activewear Stock Performance

Shares of GIL opened at $34.83 on Friday. Gildan Activewear has a 12-month low of $31.33 and a 12-month high of $73.69. The stock has a market cap of $6.45 billion, a P/E ratio of 11.79 and a beta of 1.15. The company has a current ratio of 1.93, a quick ratio of 1.01 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average of $44.21 and a two-hundred day moving average of $55.31.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, November 5th. The textile maker reported $1.54 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.03). Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. As a group, research analysts predict that Gildan Activewear will post 4.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Gildan Activewear

Hedge funds and other institutional investors have recently modified their holdings of the company. Bahl & Gaynor LLC lifted its stake in shares of Gildan Activewear by 2.0% during the third quarter. Bahl & Gaynor LLC now owns 1,762,100 shares of the textile maker’s stock valued at $75,118,000 after buying an additional 34,461 shares during the period. Fulcrum Asset Management LLP acquired a new stake in Gildan Activewear during the third quarter worth approximately $80,000. Vise Technologies Inc. boosted its position in Gildan Activewear by 15.7% during the third quarter. Vise Technologies Inc. now owns 6,429 shares of the textile maker’s stock worth $274,000 after acquiring an additional 874 shares during the last quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd boosted its position in Gildan Activewear by 0.7% during the third quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 59,610 shares of the textile maker’s stock worth $2,541,000 after acquiring an additional 392 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in Gildan Activewear in the 3rd quarter worth approximately $229,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Gildan Activewear

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; reported operating margin was 24.1% and adjusted operating margin was 27.0%. Gildan Q3 results and guidance update
• Negative Sentiment: Gildan reported third-quarter EPS of $1.54, below the $1.57 consensus estimate, despite rising from $1.00 a year earlier. The earnings shortfall may have disappointed investors. Gildan misses Q3 estimates
• Negative Sentiment: A securities class action has been filed on behalf of investors who bought Gildan shares from February 19, 2025, through June 15, 2026. The suit alleges securities-law violations, including claims related to roughly $500 million in apparel revenue allegedly pulled forward; these are allegations, not established findings. The lead-plaintiff deadline is December 14, 2026. Class action allegations and deadline

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.