Gildan Activewear, Inc. (NYSE:GIL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $72.1538.

GIL has been the subject of several research analyst reports. Cfra Research upgraded shares of Gildan Activewear to a “hold” rating in a research note on Monday, August 4th. Zacks Research upgraded shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Barclays reaffirmed an “overweight” rating and issued a $70.00 price target (up from $64.00) on shares of Gildan Activewear in a research note on Thursday, October 30th. Stifel Nicolaus set a $75.00 price objective on shares of Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Citigroup lowered Gildan Activewear from a “buy” rating to a “neutral” rating and boosted their target price for the company from $60.00 to $63.00 in a research report on Monday, October 20th.

Gildan Activewear Price Performance

Shares of NYSE:GIL opened at $57.34 on Friday. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.87 and a quick ratio of 1.67. The business’s 50-day moving average is $58.51 and its 200-day moving average is $53.81. Gildan Activewear has a 1 year low of $37.16 and a 1 year high of $62.56.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Wednesday, October 29th. The textile maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. Gildan Activewear had a return on equity of 35.90% and a net margin of 14.13%.The business had revenue of $910.60 million during the quarter, compared to analysts’ expectations of $925.24 million. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. Equities research analysts predict that Gildan Activewear will post 3.48 earnings per share for the current year.

Gildan Activewear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.226 per share. The ex-dividend date is Wednesday, November 19th. This represents a $0.90 annualized dividend and a dividend yield of 1.6%. Gildan Activewear’s payout ratio is currently 28.75%.

Institutional Trading of Gildan Activewear

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Maseco LLP bought a new position in shares of Gildan Activewear in the second quarter valued at $26,000. Smartleaf Asset Management LLC lifted its position in Gildan Activewear by 161.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 343 shares in the last quarter. Twin Tree Management LP bought a new position in Gildan Activewear in the 1st quarter valued at about $29,000. Brown Brothers Harriman & Co. boosted its stake in Gildan Activewear by 867.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 460 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Gildan Activewear by 169.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock worth $31,000 after purchasing an additional 338 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

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.