Gildan Activewear, Inc. (NYSE:GIL) Receives $78.21 Consensus Target Price from Brokerages

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $78.2143.

A number of analysts have recently weighed in on GIL shares. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a report on Wednesday, June 3rd. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. Finally, Scotia decreased their price target on Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating for the company in a report on Wednesday, June 17th.

Gildan Activewear Price Performance

NYSE:GIL opened at $54.20 on Thursday. Gildan Activewear has a 52-week low of $46.00 and a 52-week high of $73.69. The company has a market cap of $10.04 billion, a P/E ratio of 31.88 and a beta of 1.08. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. The stock’s 50-day simple moving average is $57.79 and its 200 day simple moving average is $61.33.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, sell-side analysts forecast that Gildan Activewear will post 4.25 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were paid a dividend of $0.249 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.8%. Gildan Activewear’s dividend payout ratio is currently 58.82%.

Institutional Investors Weigh In On Gildan Activewear

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of 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 valued at $589,508,000 after buying an additional 98,134 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Gildan Activewear by 26.0% in the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after acquiring an additional 1,561,729 shares in the last quarter. Royal Bank of Canada increased its stake in Gildan Activewear by 20.9% in the 1st quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker’s stock valued at $384,629,000 after buying an additional 1,193,718 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Gildan Activewear by 41.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock worth $429,382,000 after acquiring an additional 2,001,279 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Gildan Activewear by 15.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,706,078 shares of the textile maker’s stock valued at $373,122,000 after purchasing an additional 909,001 shares during the period. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Company Profile

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.