Gildan Activewear (NYSE:GIL) Stock Gets Downgrade from Zacks Research

Gildan Activewear (NYSE:GIL) (TSE:GIL) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday, Zacks reports.

GIL has been the topic of several other research reports. TD Cowen reiterated a “buy” rating on shares of Gildan Activewear in a report on Friday. Scotiabank lowered shares of Gildan Activewear from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $53.00 to $39.00 in a research report on Friday, November 6th. TD cut their target price on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. UBS Group set a $38.00 price target on shares of Gildan Activewear and gave the company a “neutral” rating in a report on Friday, November 6th. Finally, William Blair set a $49.00 price target on Gildan Activewear in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and a consensus target price of $57.42.

Gildan Activewear Stock Down 2.2%

Shares of Gildan Activewear stock opened at $35.67 on Monday. Gildan Activewear has a 12-month low of $31.33 and a 12-month high of $73.69. The company has a quick ratio of 1.22, a current ratio of 2.32 and a debt-to-equity ratio of 1.07. The stock has a 50 day moving average price of $43.18 and a two-hundred day moving average price of $54.86. The stock has a market capitalization of $6.61 billion, a P/E ratio of 31.85 and a beta of 1.15.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, November 5th. The textile maker reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Gildan Activewear had a return on equity of 21.76% and a net margin of 3.77%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.62 billion. Equities analysts expect that Gildan Activewear will post 4.37 earnings per share for the current year.

Institutional Investors Weigh In On Gildan Activewear

Several hedge funds have recently modified their holdings of the business. Ieq Capital LLC increased its position in Gildan Activewear by 882.8% during the third quarter. Ieq Capital LLC now owns 66,401 shares of the textile maker’s stock worth $2,831,000 after acquiring an additional 59,645 shares during the period. Public Sector Pension Investment Board raised its stake in Gildan Activewear by 101.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 887,680 shares of the textile maker’s stock valued at $37,234,000 after purchasing an additional 447,744 shares during the last quarter. South Dakota Investment Council raised its stake in Gildan Activewear by 126.7% during the 3rd quarter. South Dakota Investment Council now owns 22,561 shares of the textile maker’s stock valued at $962,000 after purchasing an additional 12,610 shares during the last quarter. Cibc World Market Inc. raised its stake in Gildan Activewear by 71.2% during the 3rd quarter. Cibc World Market Inc. now owns 1,832,738 shares of the textile maker’s stock valued at $78,099,000 after purchasing an additional 762,060 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its holdings in Gildan Activewear by 8.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 57,605 shares of the textile maker’s stock valued at $2,456,000 after purchasing an additional 4,550 shares during the period. 82.83% of the stock is owned by institutional investors.

Gildan Activewear News Summary

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

• Positive Sentiment: One investor alert says Gildan reported rising sales and reaffirmed its 2026 outlook, which could offer some support; however, the alert also highlights allegations that revenue was pulled forward. Article
• Negative Sentiment: The filed class action alleges Gildan misled investors during February 19, 2025–June 15, 2026, including through channel stuffing, distributor incentives, and revenue inflation. One notice cites roughly $500 million in pulled-forward revenue; these claims are allegations, not established findings. The lawsuit follows a reported 18%–18.7% stock drop. Article
• Negative Sentiment: Repeated law-firm notices may keep legal and reputational concerns in focus. Investors who bought during the stated class period have until December 14, 2026, to seek lead-plaintiff status. Article

About Gildan Activewear

Gildan Activewear Inc. is a Canadian apparel manufacturer headquartered in Montreal. Founded in 1984, the company produces and sells basic apparel, including T-shirts, fleece, underwear, socks and hosiery. Its brands include Gildan, American Apparel and Comfort Colors. The company serves wholesale distributors, screen printers, retailers and other customers, supplying products for both imprinting and everyday wear. Its vertically integrated operations span the manufacturing process, from yarn production and fabric-making to garment assembly and distribution.