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

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $74.4615.

Several research firms recently commented on GIL. Scotiabank set a $66.00 target price on Gildan Activewear and gave the stock an “outperform” rating in a report on Thursday, October 30th. Royal Bank Of Canada raised their target price on Gildan Activewear from $68.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Barclays reaffirmed an “overweight” rating and issued a $70.00 price target (up previously from $64.00) on shares of Gildan Activewear in a research note on Thursday, October 30th. TD Cowen boosted their price objective on Gildan Activewear from $67.00 to $73.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Desjardins raised their price target on shares of Gildan Activewear from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 27th.

Gildan Activewear Stock Performance

Shares of GIL opened at $63.27 on Monday. Gildan Activewear has a 12 month low of $37.16 and a 12 month 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 cap of $11.72 billion, a PE ratio of 20.21 and a beta of 1.11. The stock has a fifty day moving average price of $60.31 and a 200-day moving average price of $57.17.

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 analysts’ consensus estimates of $0.98 by $0.02. The company 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 35.53%. Gildan Activewear’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. 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 fiscal year.

Gildan Activewear Announces Dividend

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

Institutional Trading of Gildan Activewear

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in shares of Gildan Activewear in the fourth quarter valued at about $32,000. Brown Brothers Harriman & Co. raised its position 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 acquiring an additional 460 shares during the last quarter. Maseco LLP acquired a new stake in shares of Gildan Activewear in the second quarter valued at approximately $26,000. CIBC Private Wealth Group LLC raised its holdings in shares of Gildan Activewear by 169.0% in the third quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock worth $31,000 after acquiring an additional 338 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after acquiring an additional 343 shares during the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

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.