TD Cowen Issues Positive Forecast for Gildan Activewear (NYSE:GIL) Stock Price

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price objective lifted by TD Cowen from $67.00 to $73.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Several other research analysts also recently commented on the stock. CIBC raised their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperformer” rating in a research note on Friday, August 1st. Cfra Research upgraded shares of Gildan Activewear to a “hold” rating in a research note on Monday, August 4th. UBS Group lifted their price target on shares of Gildan Activewear from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Citigroup set a $60.00 price target on Gildan Activewear and gave the company a “buy” rating in a report on Thursday, August 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Gildan Activewear in a report on Saturday, September 27th. Thirteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.23.

Gildan Activewear Price Performance

Shares of GIL stock opened at $61.16 on Monday. The stock has a 50 day moving average price of $54.93 and a 200 day moving average price of $49.68. Gildan Activewear has a 52-week low of $37.16 and a 52-week high of $62.23. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.67 and a current ratio of 3.87. The firm has a market capitalization of $9.12 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.96 and a beta of 1.20.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, July 31st. The textile maker reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. Gildan Activewear had a return on equity of 34.31% and a net margin of 14.55%.The company had revenue of $918.50 million for the quarter, compared to the consensus estimate of $908.41 million. During the same quarter in the prior year, the company posted $0.74 EPS. Gildan Activewear’s quarterly revenue was up 6.5% on a year-over-year basis. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. As a group, sell-side analysts predict that Gildan Activewear will post 3.48 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 21st were given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 21st. Gildan Activewear’s dividend payout ratio (DPR) is 28.57%.

Institutional Investors Weigh In On Gildan Activewear

Hedge funds have recently made changes to their positions in the stock. Maseco LLP bought a new stake in Gildan Activewear during the second quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its position in shares of Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after buying an additional 343 shares during the last quarter. Olde Wealth Management LLC bought a new stake in shares of Gildan Activewear in the 1st quarter valued at about $29,000. Twin Tree Management LP bought a new stake in shares of Gildan Activewear in the 1st quarter valued at about $29,000. Finally, GAMMA Investing LLC grew its position in shares of Gildan Activewear by 4,323.5% in the 1st quarter. GAMMA Investing LLC now owns 752 shares of the textile maker’s stock worth $33,000 after buying an additional 735 shares during the last quarter. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

About Gildan Activewear

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.