Gildan Activewear (NYSE:GIL) Given a $80.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a $80.00 price target on Gildan Activewear (NYSE:GIL) (TSE:GIL) in a research report released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the textile maker’s stock.

Several other equities research analysts have also recently issued reports on GIL. Scotia lowered their price objective on shares of Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating for the company in a research report on Wednesday, June 17th. Scotiabank reaffirmed a “sector outperform” rating and set a $65.00 target price (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a report on Friday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Gildan Activewear in a research note on Wednesday, June 17th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.21.

Gildan Activewear Stock Up 0.9%

NYSE:GIL opened at $54.59 on Monday. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 32.11 and a beta of 1.11. Gildan Activewear has a twelve month low of $46.00 and a twelve month high of $73.69. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. The stock has a fifty day simple moving average of $55.32 and a 200-day simple moving average of $60.14.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The business’s revenue for the quarter was up 63.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts anticipate that Gildan Activewear will post 4.25 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were paid a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Gildan Activewear’s dividend payout ratio is 58.82%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of Gildan Activewear by 49.3% in the 1st quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock worth $584,000 after purchasing an additional 4,360 shares during the period. Goldman Sachs Group Inc. increased its holdings in Gildan Activewear by 40.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after buying an additional 503,359 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Gildan Activewear by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock worth $8,251,000 after buying an additional 4,714 shares in the last quarter. Cetera Investment Advisers raised its stake in Gildan Activewear by 2.1% in the second quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after buying an additional 259 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in Gildan Activewear during the second quarter worth $317,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.

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.