Gildan Activewear, Inc. (NYSE:GIL) Receives $74.46 Consensus PT from Analysts

Shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) have earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $74.4615.

Several equities analysts recently issued reports on the company. Citigroup lowered 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. TD Cowen lifted their price objective on shares of Gildan Activewear from $67.00 to $73.00 and gave the company a “buy” rating in a report on Monday, October 6th. TD Securities reissued a “buy” rating and set a $74.00 price target on shares of Gildan Activewear in a research report on Thursday, October 30th. Scotiabank set a $66.00 price target on shares of Gildan Activewear and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, National Bankshares reiterated an “outperform” rating on shares of Gildan Activewear in a research note on Thursday, October 23rd.

Institutional Trading of Gildan Activewear

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Gildan Activewear by 12.2% during the first quarter. Invesco Ltd. now owns 137,553 shares of the textile maker’s stock worth $6,083,000 after acquiring an additional 14,939 shares during the period. HighTower Advisors LLC lifted its stake in Gildan Activewear by 12.6% during the first quarter. HighTower Advisors LLC now owns 14,766 shares of the textile maker’s stock worth $653,000 after purchasing an additional 1,650 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Gildan Activewear by 5.1% in the 1st quarter. American Century Companies Inc. now owns 172,305 shares of the textile maker’s stock valued at $7,618,000 after purchasing an additional 8,338 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Gildan Activewear by 0.7% during the 1st quarter. Raymond James Financial Inc. now owns 80,133 shares of the textile maker’s stock worth $3,543,000 after buying an additional 552 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Gildan Activewear by 8.2% in the 1st quarter. Wellington Management Group LLP now owns 30,042 shares of the textile maker’s stock valued at $1,328,000 after purchasing an additional 2,285 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Up 0.6%

Shares of NYSE GIL opened at $63.53 on Thursday. The firm has a 50 day moving average price of $59.05 and a 200 day moving average price of $55.51. The stock has a market cap of $11.76 billion, a P/E ratio of 20.30 and a beta of 1.12. Gildan Activewear has a 52-week low of $37.16 and a 52-week high of $65.43. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.88 and a current ratio of 2.01.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Wednesday, October 29th. The textile maker reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $910.60 million during 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 35.53%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. Analysts expect that Gildan Activewear will post 3.48 EPS for the current year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Wednesday, November 19th were paid a $0.226 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a yield of 1.4%. Gildan Activewear’s dividend payout ratio is 28.75%.

Gildan Activewear Company Profile

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.