Gildan Activewear (TSE:GIL) Rating Lowered to Hold at Canaccord Genuity Group

Gildan Activewear (TSE:GIL) (NYSE:GIL) was downgraded by stock analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Several other equities analysts also recently commented on GIL. National Bank Financial lowered their price target on Gildan Activewear from C$107.00 to C$98.00 and set an “outperform” rating on the stock in a report on Monday, October 19th. Desjardins lowered their target price on shares of Gildan Activewear from C$108.00 to C$90.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Scotia lowered their price objective on shares of Gildan Activewear from C$67.00 to C$53.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$80.25.

Gildan Activewear Stock Down 0.1%

Shares of TSE GIL traded down C$0.04 during mid-day trading on Thursday, reaching C$49.00. 1,945,268 shares of the company traded hands, compared to its average volume of 665,777. The company has a debt-to-equity ratio of 145.29, a quick ratio of 0.87 and a current ratio of 1.93. The stock has a market cap of C$9.07 billion, a PE ratio of 96.08, a price-to-earnings-growth ratio of 4.55 and a beta of 1.77. The company’s fifty day moving average is C$61.54 and its two-hundred day moving average is C$76.50. Gildan Activewear has a fifty-two week low of C$43.69 and a fifty-two week high of C$100.44.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings data on Thursday, November 5th. The company reported C$2.18 earnings per share for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. The business had revenue of C$2.08 billion for the quarter. On average, analysts expect that Gildan Activewear will post 4.55 earnings per share for the current year.

Insider Activity

In other news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total transaction of C$607,440.00. Following the completion of the transaction, the insider directly owned 2,243 shares of the company’s stock, valued at approximately C$170,310.99. This trade represents a 78.10% decrease in their position. Corporate insiders own 2.26% of the company’s stock.

Trending Headlines about Gildan Activewear

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

• Positive Sentiment: Gildan authorized a share buyback plan, which could provide some support for the stock, although the reports do not specify its size. Gildan Activewear Inc. authorizes a Buyback Plan
• Negative Sentiment: Management cut its 2026 outlook amid a rapid change in market conditions and withdrew its 2026–2028 objectives. It now expects 2026 revenue of $5.4 billion–$5.5 billion and free cash flow of $700 million–$750 million. The lower outlook and reduced visibility are significant headwinds. Gildan 2026 outlook
• Negative Sentiment: Third-quarter pro forma sales fell 8.7% and missed expectations. Adjusted earnings rose 54% year over year but also came in below forecasts, suggesting that stronger earnings growth did not offset weakness in demand. Third-quarter results
• Negative Sentiment: UBS said business headwinds could persist through 2027, while TD Cowen lowered its price target to $49. These updates reinforce concern that recovery may take time. UBS outlook TD Cowen price target
• Negative Sentiment: Investor law firms publicized a securities class action and a December 14 lead-plaintiff deadline, adding litigation-related uncertainty. These notices are not findings of wrongdoing. Class action notice

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion which is under an exclusive licensing agreement for the printwear channel in the U.S.