Gildan Activewear, Inc. (NYSE:GIL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have been assigned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $74.4615.

Several equities analysts recently commented on the company. National Bankshares restated an “outperform” rating on shares of Gildan Activewear in a research report on Thursday, October 23rd. Barclays reiterated an “overweight” rating and set a $70.00 price target (up previously from $64.00) on shares of Gildan Activewear in a research report on Thursday, October 30th. Royal Bank Of Canada upped their price objective on shares of Gildan Activewear from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Stifel Nicolaus set a $75.00 target price on shares of Gildan Activewear and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, TD Securities reiterated a “buy” rating and set a $74.00 target price on shares of Gildan Activewear in a research report on Thursday, October 30th.

Gildan Activewear Stock Performance

Gildan Activewear stock opened at $63.12 on Thursday. Gildan Activewear has a 1-year low of $37.16 and a 1-year high of $65.43. The company has a current ratio of 2.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $11.69 billion, a PE ratio of 20.17 and a beta of 1.12. The firm’s 50 day simple moving average is $58.95 and its 200 day simple moving average is $55.30.

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 the consensus estimate of $0.98 by $0.02. The firm had revenue of $910.60 million during the quarter, compared to the consensus estimate of $925.24 million. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.53%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. As a group, analysts expect that Gildan Activewear will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, November 19th. Gildan Activewear’s payout ratio is currently 28.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GIL. Brown Brothers Harriman & Co. lifted its stake in Gildan Activewear by 867.9% during the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after purchasing an additional 460 shares during the last quarter. Maseco LLP purchased a new position in shares of Gildan Activewear during the 2nd quarter valued at about $26,000. CIBC Private Wealth Group LLC lifted its position in Gildan Activewear by 169.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock worth $31,000 after buying an additional 338 shares during the last quarter. 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 worth $27,000 after buying an additional 343 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Gildan Activewear in the third quarter worth approximately $36,000. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Company Profile

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.