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

Gildan Activewear (NYSE:GIL) (TSE:GIL) has been assigned a $80.00 price target by Stifel Nicolaus in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ price target suggests a potential upside of 44.38% from the company’s previous close.

GIL has been the topic of several other reports. Scotia reduced their price target on Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating on the stock in a 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. TD Securities restated a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Scotiabank reiterated a “sector outperform” rating and issued a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. Thirteen equities 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, the company presently has an average rating of “Moderate Buy” and an average target price of $78.21.

Gildan Activewear Price Performance

Shares of GIL traded up $1.33 during trading hours on Monday, reaching $55.41. The stock had a trading volume of 829,986 shares, compared to its average volume of 1,397,888. Gildan Activewear has a 12 month low of $46.00 and a 12 month high of $73.69. The stock has a market capitalization of $10.26 billion, a PE ratio of 32.62 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. The company’s 50-day moving average is $55.38 and its two-hundred day moving average is $60.20.

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

Institutional Investors Weigh In On Gildan Activewear

Several large investors have recently added to or reduced their stakes in GIL. Webster Bank N. A. bought a new stake in shares of Gildan Activewear during the 4th quarter valued at $25,000. Islay Capital Management LLC bought a new stake in shares of Gildan Activewear during the fourth quarter valued at about $25,000. Larson Financial Group LLC boosted its position in shares of Gildan Activewear by 3,516.7% in the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 422 shares during the period. Smartleaf Asset Management LLC grew its stake in Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 343 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in 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 acquiring an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

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.