Desjardins Forecasts Lower Earnings for Gildan Activewear

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) – Stock analysts at Desjardins decreased their FY2025 EPS estimates for Gildan Activewear in a research report issued to clients and investors on Sunday, October 26th. Desjardins analyst C. Li now expects that the textile maker will earn $3.42 per share for the year, down from their previous forecast of $3.43. Desjardins currently has a “Buy” rating and a $95.00 target price on the stock. The consensus estimate for Gildan Activewear’s current full-year earnings is $3.48 per share. Desjardins also issued estimates for Gildan Activewear’s FY2026 earnings at $4.35 EPS, FY2027 earnings at $5.30 EPS and FY2028 earnings at $6.07 EPS.

A number of other equities analysts have also commented on the stock. Citigroup lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and raised their price target for the stock from $60.00 to $63.00 in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gildan Activewear in a research report on Tuesday, October 14th. Royal Bank Of Canada raised their price target on shares of Gildan Activewear from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday. Stifel Nicolaus set a $75.00 price target on shares of Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Wall Street Zen lowered shares of Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Saturday, September 6th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.07.

Gildan Activewear Stock Performance

NYSE GIL opened at $58.72 on Wednesday. The firm has a 50-day moving average of $57.54 and a 200-day moving average of $51.89. 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 stock has a market cap of $8.75 billion, a PE ratio of 18.76, a P/E/G ratio of 1.93 and a beta of 1.20. Gildan Activewear has a 52-week low of $37.16 and a 52-week high of $62.56.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Wednesday, October 29th. The textile maker reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $910.60 million during the quarter, compared to analysts’ expectations of $925.24 million. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.90%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th will be issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Gildan Activewear’s dividend payout ratio (DPR) is currently 28.57%.

Institutional Investors Weigh In On Gildan Activewear

Several hedge funds and other institutional investors have recently made changes to their positions in GIL. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Gildan Activewear by 385.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,848 shares of the textile maker’s stock valued at $1,143,000 after purchasing an additional 20,523 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Gildan Activewear during the 1st quarter valued at approximately $1,072,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Gildan Activewear during the 1st quarter valued at approximately $474,000. Olde Wealth Management LLC bought a new stake in shares of Gildan Activewear during the 1st quarter valued at approximately $29,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Gildan Activewear by 24.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 433,596 shares of the textile maker’s stock valued at $19,174,000 after purchasing an additional 86,464 shares during the last quarter. 82.83% of the stock is owned by 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.