Royal Bank Of Canada Lowers Gildan Activewear (NYSE:GIL) Price Target to $78.00

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price objective reduced by stock analysts at Royal Bank Of Canada from $79.00 to $78.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 16.64% from the company’s previous close.

A number of other research firms have also weighed in on GIL. Stifel Nicolaus increased their target price on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $79.00 price target on shares of Gildan Activewear in a research note on Friday, February 20th. National Bank Financial boosted their price objective on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. TD Securities restated a “buy” rating and issued a $77.00 target price on shares of Gildan Activewear in a research note on Tuesday, January 27th. Finally, 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 research note on Monday, January 26th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $80.08.

Gildan Activewear Stock Down 0.5%

Shares of NYSE GIL opened at $66.87 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.11 and a quick ratio of 1.05. The company has a market cap of $12.38 billion, a P/E ratio of 25.52 and a beta of 1.05. Gildan Activewear has a 1 year low of $37.16 and a 1 year high of $73.69. The firm has a 50-day simple moving average of $66.82 and a two-hundred day simple moving average of $61.00.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, February 26th. The textile maker reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). Gildan Activewear had a net margin of 11.02% and a return on equity of 27.32%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company posted $0.83 EPS. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Research analysts anticipate that Gildan Activewear will post 3.48 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Islay Capital Management LLC purchased a new stake in shares of Gildan Activewear during the 4th quarter worth $25,000. Webster Bank N. A. purchased a new position in Gildan Activewear in the fourth quarter valued at about $25,000. Larson Financial Group LLC raised its holdings in Gildan Activewear by 3,516.7% in the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after purchasing an additional 422 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Gildan Activewear by 14,833.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock valued at $28,000 after buying an additional 445 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Gildan Activewear in the 4th quarter valued at about $32,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

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.