Scotiabank Has Pessimistic Outlook of GIL FY2026 Earnings

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) – Equities research analysts at Scotiabank lowered their FY2026 earnings estimates for shares of Gildan Activewear in a report released on Thursday, March 5th. Scotiabank analyst J. Zamparo now anticipates that the textile maker will post earnings per share of $4.24 for the year, down from their prior estimate of $4.49. Scotiabank currently has a “Sector Outperform” rating and a $74.00 target price 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 FY2027 earnings at $5.15 EPS.

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

A number of other brokerages have also recently issued reports on GIL. UBS Group reaffirmed a “buy” rating and issued a $110.00 target price (up from $80.00) on shares of Gildan Activewear in a report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th. BMO Capital Markets upped their price objective on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $79.00 price objective on shares of Gildan Activewear in a report on Friday, February 20th. Finally, Royal Bank Of Canada cut their target price on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.08.

Gildan Activewear Stock Performance

NYSE GIL opened at $62.53 on Friday. The firm’s fifty day moving average price is $66.94 and its two-hundred day moving average price is $61.12. The stock has a market cap of $11.58 billion, a PE ratio of 23.87 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 2.11. Gildan Activewear has a fifty-two week low of $37.16 and a fifty-two week high of $73.69.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be issued a $0.249 dividend. The ex-dividend date is Thursday, March 19th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.6%. Gildan Activewear’s dividend payout ratio (DPR) is currently 34.35%.

Institutional Investors Weigh In On Gildan Activewear

A number of institutional investors have recently modified their holdings of the company. Webster Bank N. A. acquired a new stake in shares of Gildan Activewear during the fourth quarter worth $25,000. Islay Capital Management LLC bought a new stake in Gildan Activewear during the fourth quarter valued at $25,000. Larson Financial Group LLC grew its holdings in Gildan Activewear by 3,516.7% during the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after acquiring an additional 422 shares during the period. Smartleaf Asset Management LLC grew its holdings in Gildan Activewear by 161.8% during the 2nd 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 period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Gildan Activewear by 14,833.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after acquiring an additional 445 shares in the last quarter. 82.83% of the stock is owned by 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.