Gildan Activewear, Inc. (NYSE:GIL) Receives $80.08 Consensus Target Price from Analysts

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $80.0769.

A number of equities analysts have recently weighed in on the stock. Zacks Research cut shares of Gildan Activewear from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Scotiabank raised their price objective on Gildan Activewear from $72.00 to $74.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 2nd. National Bank Financial lifted their target price on Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Stifel Nicolaus boosted their target price on Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, BMO Capital Markets increased their price target on Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Monday, January 26th.

Institutional Trading of Gildan Activewear

A number of hedge funds and other institutional investors have recently made changes to their positions in GIL. Caisse de depot et placement du Quebec raised its stake in shares of Gildan Activewear by 1,695.7% during the 4th quarter. Caisse de depot et placement du Quebec now owns 6,240,014 shares of the textile maker’s stock worth $390,539,000 after purchasing an additional 5,892,514 shares in the last quarter. Norges Bank acquired a new stake in shares of Gildan Activewear in the 4th quarter valued at approximately $151,018,000. Mackenzie Financial Corp grew its stake in shares of Gildan Activewear by 41.2% in the fourth quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock valued at $429,382,000 after buying an additional 2,001,279 shares in the last quarter. Brandes Investment Partners LP acquired a new position in Gildan Activewear during the fourth quarter worth $99,870,000. Finally, Vanguard Group Inc. increased its holdings in Gildan Activewear by 26.0% during the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after buying an additional 1,561,729 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Price Performance

Shares of GIL stock opened at $59.35 on Tuesday. Gildan Activewear has a 1 year low of $37.16 and a 1 year high of $73.69. The company has a current ratio of 2.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16. The firm’s 50 day moving average is $66.82 and its 200-day moving average is $61.28. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 22.65 and a beta of 1.05.

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

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 19th will be given a dividend of $0.249 per share. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, March 19th. Gildan Activewear’s payout ratio is currently 34.35%.

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.