Stifel Canada Issues Pessimistic Forecast for GIL Earnings

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) – Equities researchers at Stifel Canada lowered their FY2025 earnings per share (EPS) estimates for shares of Gildan Activewear in a research note issued on Wednesday, August 13th. Stifel Canada analyst M. Landry now anticipates that the textile maker will post earnings per share of $3.50 for the year, down from their previous forecast of $3.52. The consensus estimate for Gildan Activewear’s current full-year earnings is $3.48 per share.

Several other equities analysts have also recently issued reports on GIL. Barclays lifted their price objective on Gildan Activewear from $51.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on Gildan Activewear from $61.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity Group lifted their price objective on Gildan Activewear from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised Gildan Activewear from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, TD Securities lifted their price objective on Gildan Activewear from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Gildan Activewear Stock Performance

Shares of GIL stock opened at $56.44 on Friday. The stock has a fifty day moving average price of $50.47 and a 200 day moving average price of $48.40. The stock has a market cap of $8.42 billion, a PE ratio of 17.92, a P/E/G ratio of 1.81 and a beta of 1.17. Gildan Activewear has a 1 year low of $37.16 and a 1 year high of $57.76. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.67 and a current ratio of 3.87.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, July 31st. The textile maker reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The firm had revenue of $918.50 million during the quarter, compared to analysts’ expectations of $908.41 million. Gildan Activewear had a return on equity of 34.31% and a net margin of 14.55%. Gildan Activewear’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share.

Hedge Funds Weigh In On Gildan Activewear

A number of institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC grew its position in shares of Gildan Activewear by 1.9% in the fourth quarter. Janus Henderson Group PLC now owns 6,970,246 shares of the textile maker’s stock valued at $327,950,000 after purchasing an additional 128,674 shares during the period. Mackenzie Financial Corp grew its position in shares of Gildan Activewear by 61.9% in the second quarter. Mackenzie Financial Corp now owns 4,434,020 shares of the textile maker’s stock valued at $218,622,000 after purchasing an additional 1,695,329 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Gildan Activewear by 24.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,678,451 shares of the textile maker’s stock valued at $180,305,000 after purchasing an additional 718,896 shares during the period. Cardinal Capital Management Inc. grew its position in shares of Gildan Activewear by 0.5% in the second quarter. Cardinal Capital Management Inc. now owns 2,728,046 shares of the textile maker’s stock valued at $134,378,000 after purchasing an additional 14,065 shares during the period. Finally, Norges Bank purchased a new stake in shares of Gildan Activewear in the second quarter valued at $101,409,000. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 21st will be issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 21st. Gildan Activewear’s payout ratio is 28.57%.

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.