Research Analysts Offer Predictions for GIL Q3 Earnings

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) – Equities researchers at National Bank Financial dropped their Q3 2026 earnings per share estimates for Gildan Activewear in a report released on Wednesday, April 30th. National Bank Financial analyst V. Shreedhar now forecasts that the textile maker will post earnings of $1.10 per share for the quarter, down from their previous estimate of $1.13. The consensus estimate for Gildan Activewear’s current full-year earnings is $3.48 per share. National Bank Financial also issued estimates for Gildan Activewear’s Q4 2026 earnings at $0.98 EPS.

Several other research firms have also recently issued reports on GIL. Canaccord Genuity Group increased their price objective on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 20th. UBS Group increased their price target on Gildan Activewear from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Stifel Nicolaus lifted their price target on Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. TD Securities upped their price objective on Gildan Activewear from $56.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays started coverage on Gildan Activewear in a report on Monday, April 28th. They set an “overweight” rating and a $51.00 target price on the stock. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Gildan Activewear presently has a consensus rating of “Buy” and a consensus price target of $58.20.

Gildan Activewear Stock Performance

Shares of GIL opened at $47.41 on Friday. The firm has a market capitalization of $7.19 billion, a PE ratio of 18.96, a P/E/G ratio of 1.76 and a beta of 1.16. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $44.93 and a 200 day moving average price of $47.80. Gildan Activewear has a 52-week low of $32.32 and a 52-week high of $55.39.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Tuesday, April 29th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $711.70 million during the quarter, compared to analyst estimates of $715.29 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.226 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.90 annualized dividend and a yield of 1.91%. Gildan Activewear’s payout ratio is presently 34.75%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GIL. Janus Henderson Group PLC lifted its position in shares of Gildan Activewear by 1.9% in the 4th quarter. Janus Henderson Group PLC now owns 6,970,246 shares of the textile maker’s stock valued at $327,950,000 after acquiring an additional 128,674 shares in the last quarter. Norges Bank acquired a new stake in Gildan Activewear during the 4th quarter valued at $97,275,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Gildan Activewear by 604.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,850,971 shares of the textile maker’s stock valued at $86,999,000 after purchasing an additional 1,588,071 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Gildan Activewear by 276.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,769,634 shares of the textile maker’s stock worth $83,394,000 after buying an additional 1,300,121 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Gildan Activewear by 19.5% during the fourth quarter. National Bank of Canada FI now owns 1,668,147 shares of the textile maker’s stock valued at $78,571,000 after buying an additional 272,627 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

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.