Gildan Activewear, Inc. (NYSE:GIL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $66.2308.

Several research analysts have weighed in on the stock. Cfra Research raised shares of Gildan Activewear to a “hold” rating in a report on Monday, August 4th. TD Securities set a $73.00 price objective on shares of Gildan Activewear and gave the stock a “buy” rating in a report on Monday. UBS Group raised their price objective on shares of Gildan Activewear from $56.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. National Bankshares reissued an “outperform” rating on shares of Gildan Activewear in a report on Thursday, August 14th. Finally, TD Cowen raised their price objective on shares of Gildan Activewear from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, October 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GIL. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Gildan Activewear by 16.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,325 shares of the textile maker’s stock valued at $251,000 after buying an additional 739 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Gildan Activewear by 4,323.5% in the 1st quarter. GAMMA Investing LLC now owns 752 shares of the textile maker’s stock valued at $33,000 after buying an additional 735 shares during the period. Integrated Advisors Network LLC acquired a new position in shares of Gildan Activewear in the 1st quarter valued at about $224,000. Azzad Asset Management Inc. ADV acquired a new position in shares of Gildan Activewear in the 1st quarter valued at about $2,961,000. Finally, Clarius Group LLC acquired a new position in shares of Gildan Activewear in the 1st quarter valued at about $233,000. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Price Performance

GIL opened at $59.43 on Friday. The company has a fifty day simple moving average of $55.68 and a 200 day simple moving average of $50.05. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.95 and a beta of 1.20. Gildan Activewear has a twelve month low of $37.16 and a twelve month high of $62.23. The company has a current ratio of 3.87, a quick ratio of 1.67 and a debt-to-equity ratio of 1.37.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, July 31st. The textile maker reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $918.50 million during the quarter, compared to analyst estimates of $908.41 million. Gildan Activewear had a net margin of 14.55% and a return on equity of 34.31%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. Equities research analysts expect that Gildan Activewear will post 3.48 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 21st. Gildan Activewear’s dividend payout ratio (DPR) is currently 28.57%.

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.