Gildan Activewear (NYSE:GIL) Downgraded by UBS Group to “Hold”

UBS Group cut shares of Gildan Activewear (NYSE:GIL) (TSE:GIL) from a strong-buy rating to a hold rating in a report released on Friday morning,Zacks reports.

GIL has been the subject of several other reports. TD Cowen reiterated a “buy” rating on shares of Gildan Activewear in a report on Friday. TD dropped their target price on Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Canaccord Genuity Group downgraded Gildan Activewear from a “buy” rating to a “hold” rating and cut their price target for the stock from $62.00 to $41.00 in a research note on Friday. William Blair set a $49.00 price target on Gildan Activewear in a research note on Friday. Finally, Royal Bank Of Canada cut their price objective on shares of Gildan Activewear from $70.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average price target of $59.42.

Gildan Activewear Stock Down 1.0%

Shares of GIL traded down $0.35 during trading hours on Friday, reaching $34.66. The company’s stock had a trading volume of 3,284,164 shares, compared to its average volume of 1,507,263. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 30.95 and a beta of 1.15. Gildan Activewear has a 1-year low of $31.33 and a 1-year high of $73.69. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average of $43.84 and a two-hundred day moving average of $55.17.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, November 5th. The textile maker reported $1.54 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.03). Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%. As a group, research analysts predict that Gildan Activewear will post 4.63 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be given a $0.2490 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. Gildan Activewear’s payout ratio is currently 192.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GIL. Bank of America Corp DE bought a new position in shares of Gildan Activewear in the second quarter valued at approximately $65,193,000. VELA Investment Management LLC grew its stake in Gildan Activewear by 42.5% in the 2nd quarter. VELA Investment Management LLC now owns 107,941 shares of the textile maker’s stock valued at $5,570,000 after buying an additional 32,171 shares during the last quarter. Nykredit A S acquired a new position in Gildan Activewear in the 2nd quarter valued at $2,389,000. Bank of New York Mellon Corp bought a new position in Gildan Activewear in the 2nd quarter worth $11,651,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Gildan Activewear during the 2nd quarter worth $234,764,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Key Stories Impacting Gildan Activewear

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

• Positive Sentiment: Gildan declared a quarterly dividend of $0.249 per share, payable December 21, representing an annualized dividend of about $1.00 and a yield of roughly 2.9%. Dividend announcement
• Positive Sentiment: Third-quarter sales from continuing operations rose 61.1% year over year to $1.47 billion, with a 27.0% adjusted operating margin. Third-quarter results
• Negative Sentiment: Several analysts cut ratings or price targets: Canaccord moved GIL from Buy to Hold and lowered its target to $41 from $62; Scotiabank downgraded it to Sector Perform and cut its target to $39 from $53; and RBC reduced its target to $50 from $70, while retaining Outperform. These reductions signal weaker expectations, despite the remaining upside implied by the targets. Canaccord rating Scotiabank rating RBC rating
• Negative Sentiment: Gildan reported third-quarter EPS of $1.54, below the $1.57 consensus; revenue also missed estimates according to Zacks. The earnings shortfall may reinforce concerns about near-term performance, despite substantial year-over-year sales growth. Earnings estimates report
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who acquired Gildan shares from February 19, 2025, through June 15, 2026. The complaint alleges material misstatements or omissions, including claims related to channel stuffing; these are allegations, not proven findings. The litigation adds uncertainty and comes amid reports of a sharp share-price decline. The lead-plaintiff deadline is December 14, 2026. Class action notice

Gildan Activewear Company Profile

Gildan Activewear Inc is a Montreal, Quebec-based apparel manufacturer that produces and sells everyday basic clothing for consumers and businesses. The company’s product portfolio includes activewear, T-shirts, fleece garments, underwear, socks and hosiery, as well as other apparel basics.

Gildan sells products primarily through wholesale distributors and screen printers, who supply decorated apparel to businesses, schools, teams, organizations and retailers. Its portfolio includes the Gildan, American Apparel, Comfort Colors, Gold Toe and Anvil brands.