Gildan Activewear (NYSE:GIL) Price Target Cut to $50.00 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its Gildan Activewear price target from $70 to $50 but maintained an “outperform” rating; the new target implies 41.9% upside from the stock’s cited price.
• Analyst views are mixed: the consensus rating is “Moderate Buy” with a $61.09 target, while Scotiabank lowered its rating and target and UBS assigned a “neutral” rating.
• Gildan reported quarterly EPS of $1.54, missing the $1.57 consensus estimate by $0.03.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL had its price target decreased by research analysts at Royal Bank Of Canada from $70.00 to $50.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an "outperform" rating on the textile maker's stock. Royal Bank Of Canada's price target indicates a potential upside of 41.90% from the stock's current price.

GIL has been the topic of several other research reports. TD Cowen reaffirmed a "buy" rating on shares of Gildan Activewear in a report on Friday. TD cut their price objective on Gildan Activewear from $80.00 to $54.00 and set a "buy" rating for the company in a report on Thursday, September 24th. Scotiabank cut shares of Gildan Activewear from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $53.00 to $39.00 in a research report on Friday. UBS Group set a $38.00 price objective on shares of Gildan Activewear and gave the stock a "neutral" rating in a research report on Friday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gildan Activewear in a research note on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $61.09.

Gildan Activewear Price Performance

Shares of GIL stock traded up $0.21 on Friday, reaching $35.23. The company's stock had a trading volume of 1,402,977 shares, compared to its average volume of 1,480,073. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. Gildan Activewear has a 12-month low of $31.33 and a 12-month high of $73.69. The company has a market capitalization of $6.53 billion, a P/E ratio of 67.88 and a beta of 1.15. The stock's 50 day simple moving average is $44.21 and its 200-day simple moving average is $55.31.

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

Hedge Funds Weigh In On Gildan Activewear

A number of large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in shares of Gildan Activewear by 16.5% during the first quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker's stock valued at $75,000 after buying an additional 192 shares during the period. Mather Group LLC. raised its holdings in shares of Gildan Activewear by 7.6% during the third quarter. Mather Group LLC. now owns 3,468 shares of the textile maker's stock valued at $148,000 after acquiring an additional 244 shares in the last quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lifted its stake in Gildan Activewear by 0.7% in the third quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 59,610 shares of the textile maker's stock worth $2,541,000 after acquiring an additional 392 shares during the period. Cooper Financial Group lifted its stake in Gildan Activewear by 3.2% in the third quarter. Cooper Financial Group now owns 13,270 shares of the textile maker's stock worth $566,000 after acquiring an additional 407 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in Gildan Activewear by 12.8% in the first quarter. D.A. Davidson & CO. now owns 3,823 shares of the textile maker's stock worth $213,000 after acquiring an additional 433 shares during the period. Hedge funds and other institutional investors own 82.83% of the company's stock.

Key Headlines 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, equivalent to about $1.00 annually and a 2.9% yield. Dividend announcement
• Neutral Sentiment: Third-quarter sales from continuing operations rose 61.1% year over year to $1.47 billion, and operating margin was 24.1% (27.0% adjusted). However, EPS of $1.54 fell short of the $1.57 consensus, and revenue also missed estimates; the company updated its 2026 guidance. Third-quarter results and guidance
• Negative Sentiment: Scotiabank lowered its rating to “sector perform” from “sector outperform” and cut its price target to $39 from $53. Canaccord Genuity also downgraded GIL to Hold from Buy, adding to cautious analyst sentiment. Canaccord downgrade
• Negative Sentiment: Multiple law firms publicized a securities class action covering purchases from February 19, 2025, through June 15, 2026, with a December 14 lead-plaintiff deadline. The suit alleges material misstatements or omissions, including a claim of channel stuffing and roughly $500 million in pulled-forward sales. The allegations are not proven, but the litigation creates added uncertainty and potential legal and reputational risk. Class action lawsuit 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.

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