Gildan Activewear (NYSE:GIL) Issues FY 2026 Earnings Guidance

Gildan Activewear (NYSE:GIL) (TSE:GIL) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 4.200-4.400 for the period, compared to the consensus estimate of 4.290. The company issued revenue guidance of $6.0 billion-$6.2 billion, compared to the consensus revenue estimate of $6.1 billion.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. TD Securities restated a “buy” rating on shares of Gildan Activewear in a research note on Tuesday. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $77.00 price objective on shares of Gildan Activewear in a report on Friday, May 1st. Scotiabank reiterated a “sector outperform” rating and set a $65.00 target price (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday. Stifel Nicolaus boosted their price target on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Gildan Activewear presently has a consensus rating of “Moderate Buy” and an average target price of $78.21.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at $51.92 on Friday. The stock has a market capitalization of $9.61 billion, a P/E ratio of 30.54 and a beta of 1.08. The business has a 50 day simple moving average of $58.20 and a two-hundred day simple moving average of $61.47. Gildan Activewear has a 12 month low of $46.00 and a 12 month high of $73.69. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) 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 firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The business’s revenue was up 63.8% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, analysts predict that Gildan Activewear will post 4.25 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were issued a $0.249 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

More Gildan Activewear News

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

• Negative Sentiment: A forensic research report alleged Gildan may have used channel stuffing and inflated distributor inventory, raising questions about the quality of reported sales and revenue recognition. Article: Gildan Activewear Inc. (GIL) Shares Tumble 18% Amid Activist Forensic Report…
• Negative Sentiment: Multiple law firms announced securities-fraud investigations following the stock drop, adding legal overhang and signaling that investors are treating the allegations as potentially serious. Article: Securities Fraud Investigation Into Gildan Activewear Inc. (GIL) Announced
• Negative Sentiment: Media reports said the shares dropped as much as 25% on the short-seller growth accusations, reinforcing the market’s concern about possible accounting or demand issues. Article: Gildan share price drops as much as 25 per cent on short seller growth accusations
• Negative Sentiment: Additional investigations from other law firms followed, increasing uncertainty around the company’s disclosures and near-term sentiment. Article: Gildan Activewear Investigation Initiated: Levi & Korsinsky Investigates…
• Neutral Sentiment: Before the short-seller controversy, analysts had been constructive, with Scotia trimming its price target to $65 while keeping a sector-outperform rating. Article: Analyst rating update

Institutional Investors Weigh In On Gildan Activewear

Hedge funds have recently modified their holdings of the business. Caisse de depot et placement du Quebec lifted its stake in shares of Gildan Activewear by 1,695.7% in the fourth quarter. Caisse de depot et placement du Quebec now owns 6,240,014 shares of the textile maker’s stock worth $390,539,000 after buying an additional 5,892,514 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Gildan Activewear by 41.2% in the 4th quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock valued at $429,382,000 after acquiring an additional 2,001,279 shares during the last quarter. BCV Asset Management Inc. acquired a new stake in Gildan Activewear in the 4th quarter valued at about $93,803,000. Lazard Asset Management LLC lifted its stake in Gildan Activewear by 95.2% in the 3rd quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock worth $161,749,000 after purchasing an additional 1,364,953 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Gildan Activewear in the 4th quarter worth approximately $83,000,000. 82.83% of the stock is currently owned by institutional investors and hedge funds.

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.