Gildan Activewear, Inc. (NYSE:GIL) Receives $72.15 Consensus PT from Brokerages

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $72.1538.

A number of research analysts have commented on GIL shares. TD Cowen upped their price target on Gildan Activewear from $67.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Stifel Nicolaus set a $75.00 target price on Gildan Activewear and gave the company a “buy” rating in a research note on Friday, September 19th. Wall Street Zen lowered Gildan Activewear from a “buy” rating to a “hold” rating in a research note on Saturday, September 6th. Citigroup downgraded shares of Gildan Activewear from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $60.00 to $63.00 in a research report on Monday, October 20th. Finally, Cfra Research upgraded shares of Gildan Activewear to a “hold” rating in a report on Monday, August 4th.

Gildan Activewear Trading Down 0.6%

NYSE:GIL opened at $55.40 on Wednesday. The firm has a market capitalization of $8.26 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.93 and a beta of 1.22. The company has a quick ratio of 1.67, a current ratio of 3.87 and a debt-to-equity ratio of 1.37. The company has a fifty day moving average of $57.79 and a 200 day moving average of $52.55. Gildan Activewear has a 52 week low of $37.16 and a 52 week high of $62.56.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Wednesday, October 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $925.24 million. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.90%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. On average, research analysts predict that Gildan Activewear will post 3.48 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 19th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Gildan Activewear’s dividend payout ratio is presently 28.75%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. lifted its stake in shares of Gildan Activewear by 2.5% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 8,499 shares of the textile maker’s stock valued at $418,000 after purchasing an additional 207 shares during the period. Signaturefd LLC grew its stake in Gildan Activewear by 2.8% in the third quarter. Signaturefd LLC now owns 7,659 shares of the textile maker’s stock worth $443,000 after purchasing an additional 209 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Gildan Activewear by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 73,619 shares of the textile maker’s stock worth $3,612,000 after purchasing an additional 231 shares in the last quarter. Blue Trust Inc. lifted its position in Gildan Activewear by 12.1% during the third quarter. Blue Trust Inc. now owns 2,268 shares of the textile maker’s stock valued at $131,000 after buying an additional 245 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Gildan Activewear by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after buying an additional 259 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 manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.