Gildan Activewear (NYSE:GIL) Stock Price Expected to Rise, Scotiabank Analyst Says

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its target price hoisted by equities researchers at Scotiabank from $72.00 to $74.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the textile maker’s stock. Scotiabank’s target price would suggest a potential upside of 10.66% from the company’s previous close.

Several other equities analysts have also recently issued reports on GIL. Royal Bank Of Canada reduced their price target 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. National Bank Financial lifted their price objective on Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $79.00 target price on shares of Gildan Activewear in a research report on Friday, February 20th. Zacks Research cut Gildan Activewear from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Finally, BMO Capital Markets upped their price target on Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.08.

Gildan Activewear Price Performance

GIL opened at $66.87 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 2.11. The stock has a market capitalization of $12.38 billion, a PE ratio of 25.52 and a beta of 1.05. The stock’s 50 day moving average price is $66.82 and its 200-day moving average price is $61.00. Gildan Activewear has a 52-week low of $37.16 and a 52-week high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly 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). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The business’s revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities research analysts predict that Gildan Activewear will post 3.48 EPS for the current year.

Hedge Funds Weigh In On Gildan Activewear

Several institutional investors and hedge funds have recently modified their holdings of GIL. Washburn Capital Management Inc. grew its position in Gildan Activewear by 3.8% during the 4th quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock valued at $266,000 after purchasing an additional 157 shares during the last quarter. Integrated Advisors Network LLC lifted its stake in shares of Gildan Activewear by 3.0% in the third quarter. Integrated Advisors Network LLC now owns 6,365 shares of the textile maker’s stock worth $368,000 after buying an additional 185 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Gildan Activewear by 2.2% in the fourth quarter. Arkadios Wealth Advisors now owns 8,787 shares of the textile maker’s stock worth $549,000 after buying an additional 193 shares in the last quarter. Bank of Nova Scotia Trust Co. grew its holdings in shares of Gildan Activewear by 2.5% during the second quarter. Bank of Nova Scotia Trust Co. now owns 8,499 shares of the textile maker’s stock valued at $418,000 after buying an additional 207 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Gildan Activewear by 2.8% during the third quarter. Signaturefd LLC now owns 7,659 shares of the textile maker’s stock valued at $443,000 after acquiring an additional 209 shares in the last quarter. 82.83% of the stock is currently 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.