Gildan Activewear (NYSE:GIL) Stock Rating Lowered by Canaccord Genuity Group

Gildan Activewear (NYSE:GIL) (TSE:GIL) was downgraded by stock analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a report issued on Friday, Benzinga reports. They presently have a $41.00 price target on the textile maker’s stock, down from their prior price target of $62.00. Canaccord Genuity Group‘s target price indicates a potential upside of 16.13% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Scotiabank cut Gildan Activewear from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $53.00 to $39.00 in a research report on Friday. William Blair set a $49.00 target price on Gildan Activewear in a research report on Friday. TD cut their target price on Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Citigroup reiterated a “neutral” rating on shares of Gildan Activewear in a research note on Tuesday, August 4th. Finally, TD Cowen reissued a “buy” rating on shares of Gildan Activewear in a report on Friday. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.42.

Gildan Activewear Stock Performance

Shares of NYSE GIL traded up $0.28 during midday trading on Friday, hitting $35.30. The company’s stock had a trading volume of 1,658,915 shares, compared to its average volume of 1,481,228. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.01 and a current ratio of 1.93. Gildan Activewear has a 1-year low of $31.33 and a 1-year high of $73.69. The firm’s fifty day moving average price is $44.21 and its 200-day moving average price is $55.31. The firm has a market cap of $6.54 billion, a P/E ratio of 67.84 and a beta of 1.15.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, November 5th. The textile maker reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.03). Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%. On average, sell-side analysts forecast that Gildan Activewear will post 4.63 EPS for the current fiscal year.

Institutional Trading of Gildan Activewear

Large investors have recently added to or reduced their stakes in the business. Hara Capital LLC acquired a new position in Gildan Activewear during the 2nd quarter worth $57,000. Fifth Third Bancorp grew its stake in shares of Gildan Activewear by 16.5% in the first quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock worth $75,000 after purchasing an additional 192 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Gildan Activewear during the second quarter valued at $75,000. Guardian Partners Inc. increased its holdings in shares of Gildan Activewear by 56.9% during the third quarter. Guardian Partners Inc. now owns 1,785 shares of the textile maker’s stock valued at $76,000 after purchasing an additional 647 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new position in shares of Gildan Activewear during the third quarter valued at $80,000. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear News Roundup

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Gildan declared a quarterly dividend of $0.249 per share, payable December 21, equivalent to about $1.00 annually and a 2.9% yield. Dividend announcement
• Neutral Sentiment: Third-quarter sales from continuing operations rose 61.1% year over year to $1.47 billion, and operating margin was 24.1% (27.0% adjusted). However, EPS of $1.54 fell short of the $1.57 consensus, and revenue also missed estimates; the company updated its 2026 guidance. Third-quarter results and guidance
• Negative Sentiment: Scotiabank lowered its rating to “sector perform” from “sector outperform” and cut its price target to $39 from $53. Canaccord Genuity also downgraded GIL to Hold from Buy, adding to cautious analyst sentiment. Canaccord downgrade
• Negative Sentiment: Multiple law firms publicized a securities class action covering purchases from February 19, 2025, through June 15, 2026, with a December 14 lead-plaintiff deadline. The suit alleges material misstatements or omissions, including a claim of channel stuffing and roughly $500 million in pulled-forward sales. The allegations are not proven, but the litigation creates added uncertainty and potential legal and reputational risk. Class action lawsuit notice

Gildan Activewear Company Profile

Gildan Activewear Inc is a Montreal, Quebec-based apparel manufacturer that produces and sells everyday basic clothing for consumers and businesses. The company’s product portfolio includes activewear, T-shirts, fleece garments, underwear, socks and hosiery, as well as other apparel basics.

Gildan sells products primarily through wholesale distributors and screen printers, who supply decorated apparel to businesses, schools, teams, organizations and retailers. Its portfolio includes the Gildan, American Apparel, Comfort Colors, Gold Toe and Anvil brands.