Scotiabank Has Positive Estimate for GIL FY2025 Earnings

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) – Equities research analysts at Scotiabank upped their FY2025 earnings per share estimates for Gildan Activewear in a report released on Wednesday, February 11th. Scotiabank analyst J. Zamparo now expects that the textile maker will post earnings of $3.46 per share for the year, up from their prior estimate of $3.42. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Gildan Activewear’s current full-year earnings is $3.48 per share. Scotiabank also issued estimates for Gildan Activewear’s FY2026 earnings at $4.49 EPS and FY2027 earnings at $5.28 EPS.

A number of other research analysts have also recently issued reports on GIL. Desjardins lifted their price objective on Gildan Activewear from $80.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 27th. BMO Capital Markets lifted their price target on shares of Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Monday, January 26th. TD Securities restated a “buy” rating and issued a $77.00 price target on shares of Gildan Activewear in a research report on Tuesday, January 27th. Citigroup lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $60.00 to $63.00 in a report on Monday, October 20th. Finally, Zacks Research cut shares of Gildan Activewear from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.54.

Gildan Activewear Price Performance

Shares of GIL stock opened at $72.56 on Friday. The stock’s fifty day simple moving average is $64.61 and its 200 day simple moving average is $59.38. Gildan Activewear has a one year low of $37.16 and a one year high of $73.70. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 23.18 and a beta of 1.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.01 and a quick ratio of 0.88.

Institutional Trading of Gildan Activewear

A number of hedge funds and other institutional investors have recently modified their holdings of GIL. Norges Bank bought a new position in Gildan Activewear in the 4th quarter valued at $151,018,000. Mackenzie Financial Corp raised its position in shares of Gildan Activewear by 61.9% during the second quarter. Mackenzie Financial Corp now owns 4,434,020 shares of the textile maker’s stock worth $218,622,000 after acquiring an additional 1,695,329 shares during the last quarter. Brandes Investment Partners LP acquired a new position in shares of Gildan Activewear during the fourth quarter valued at $99,870,000. Vanguard Group Inc. boosted its holdings in Gildan Activewear by 26.0% in the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock valued at $472,964,000 after acquiring an additional 1,561,729 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Gildan Activewear by 95.2% in the third quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock worth $161,749,000 after purchasing an additional 1,364,953 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

About Gildan Activewear

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.