National Bank Financial Comments on TSE:GIL FY2028 Earnings

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – Stock analysts at National Bank Financial issued their FY2028 EPS estimates for shares of Gildan Activewear in a report issued on Tuesday, September 23rd. National Bank Financial analyst V. Shreedhar forecasts that the company will post earnings per share of $8.78 for the year. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.55 per share.

Several other brokerages have also recently weighed in on GIL. Cfra Research upgraded shares of Gildan Activewear to a “hold” rating in a research note on Monday, August 4th. Royal Bank Of Canada upgraded shares of Gildan Activewear to a “moderate buy” rating in a research note on Tuesday, August 5th. TD Securities lifted their price objective on shares of Gildan Activewear from C$60.00 to C$67.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Finally, National Bankshares lifted their price objective on shares of Gildan Activewear from C$80.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Gildan Activewear presently has an average rating of “Buy” and a consensus target price of C$77.33.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at C$79.07 on Thursday. Gildan Activewear has a twelve month low of C$52.77 and a twelve month high of C$80.01. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The company has a 50-day simple moving average of C$74.42 and a two-hundred day simple moving average of C$67.96. The stock has a market capitalization of C$11.79 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 4.55 and a beta of 1.27.

Insider Activity at Gildan Activewear

In other news, insider Benito Masi sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of C$75.07, for a total value of C$1,126,017.00. Following the completion of the transaction, the insider directly owned 359,421 shares in the company, valued at approximately C$26,980,943.74. The trade was a 4.01% decrease in their position. Insiders own 2.26% of the company’s stock.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were given a $0.226 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.1%. Gildan Activewear’s payout ratio is presently 27.63%.

About Gildan Activewear

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.