Gildan Activewear (TSE:GIL) Stock Gets Price Target Cut from Scotia

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target decreased by Scotia from C$67.00 to C$53.00 in a research report sent to investors on Tuesday,BayStreet reports. Scotia currently has a sector outperform rating on the stock.

GIL has been the subject of several other research reports. Desjardins set a C$108.00 price target on Gildan Activewear and gave the stock a “buy” rating in a report on Tuesday, July 28th. National Bank Financial cut their price objective on shares of 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. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$80.25.

Gildan Activewear Stock Performance

Shares of GIL stock opened at C$49.04 on Tuesday. Gildan Activewear has a 12-month low of C$43.69 and a 12-month high of C$100.44. The business’s fifty day simple moving average is C$62.03 and its 200-day simple moving average is C$76.69. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 145.29. The company has a market cap of C$9.08 billion, a PE ratio of 96.16, a PEG ratio of 4.55 and a beta of 1.77.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted 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 firm had revenue of C$2.08 billion during the quarter. Analysts expect that Gildan Activewear will post 4.55 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 14th were paid a dividend of $0.2490 per share. This represents a $1.00 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, August 20th. Gildan Activewear’s payout ratio is presently 186.27%.

Insider Buying and Selling at Gildan Activewear

In related news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the firm’s stock in a transaction on 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 owned 2,243 shares of the company’s stock, valued at C$170,310.99. This trade represents a 78.10% decrease in their ownership of the stock. 2.26% of the stock is owned by insiders.

Key Stories Impacting Gildan Activewear

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

• Positive Sentiment: Gildan authorized a share-buyback plan, which could support shareholder returns. Gildan Activewear Inc. authorizes a Buyback Plan
• Neutral Sentiment: The company reported third-quarter EPS of C$2.18 and revenue of C$2.08 billion; the available report did not provide enough detail to assess the earnings figure against expectations. 2026 Third Quarter Shareholder Report
• Neutral Sentiment: Desjardins maintained its Buy rating, although analyst price-target reductions were also reported, reflecting a more cautious outlook. Desjardins rating update
• Negative Sentiment: The FY2026 outlook cut and third-quarter sales shortfall were the clearest near-term pressures on the shares, with the company pointing to macro headwinds and rapidly changing conditions. Gildan cuts outlook and misses third-quarter sales targets
• Negative Sentiment: A securities class action and a December 14, 2026 lead-plaintiff deadline add legal uncertainty; the notice reports allegations, not a finding of wrongdoing. Class-action notice

About Gildan Activewear

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.