Gildan Activewear (NYSE:GIL) Price Target Cut to $70.00 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut Gildan Activewear’s price target from $82 to $70 while maintaining an “outperform” rating, implying approximately 69% upside from the reported $41.34 share price.
• Analyst sentiment remains broadly positive: 12 analysts rate the stock a Buy and three rate it a Hold, producing a “Moderate Buy” consensus and average price target of $73.58.
• Gildan’s shares rose 1.2% in Tuesday trading, but the company faces significant legal uncertainty as investor lawsuits allege channel stuffing and inflated revenue growth; the allegations have not been proven.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL had its price objective cut by investment analysts at Royal Bank Of Canada from $82.00 to $70.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the textile maker's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 69.31% from the stock's current price.

Other equities analysts also recently issued research reports about the company. TD Securities dropped their target price on Gildan Activewear from $80.00 to $54.00 and set a "buy" rating on the stock in a report on Thursday, September 24th. Scotiabank reissued a "sector outperform" rating and issued a $67.00 price target (up from $65.00) on shares of Gildan Activewear in a research report on Friday, July 31st. UBS Group decreased their price target on shares of Gildan Activewear from $111.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, October 15th. Stifel Nicolaus set a $83.00 price objective on shares of Gildan Activewear and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Scotia upped their price objective on shares of Gildan Activewear from $65.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $73.58.

Gildan Activewear Stock Up 1.2%

Shares of GIL traded up $0.48 during mid-day trading on Tuesday, reaching $41.34. The company's stock had a trading volume of 110,880 shares, compared to its average volume of 1,451,755. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 79.70 and a beta of 1.11. The business has a fifty day moving average of $48.29 and a 200 day moving average of $53.24. 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 1 year low of $39.93 and a 1 year high of $73.69.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.17. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.61 billion. Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%. Gildan Activewear's revenue for the quarter was up 72.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. As a group, analysts forecast that Gildan Activewear will post 4.67 earnings per share for the current fiscal year.

Institutional Trading of Gildan Activewear

Large investors have recently made changes to their positions in the stock. Caisse de depot et placement du Quebec acquired a new position in shares of Gildan Activewear in the second quarter valued at $601,931,000. Jupiter Topco LLC acquired a new stake in Gildan Activewear during the second quarter worth $573,363,000. The Manufacturers Life Insurance Company bought a new stake in Gildan Activewear in the 2nd quarter valued at $234,764,000. Bank of America Corp DE bought a new stake in Gildan Activewear in the 2nd quarter valued at $65,193,000. Finally, Royal Bank of Canada increased its holdings in Gildan Activewear by 20.9% in the 1st quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker's stock valued at $384,629,000 after buying an additional 1,193,718 shares during the period. Institutional investors own 82.83% of the company's stock.

Key Stories Impacting Gildan Activewear

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

• Neutral Sentiment: Several firms, including Rosen, Hagens Berman, Robbins Geller, and others, are seeking investors to serve as lead plaintiff or participate in the litigation. The deadline to seek lead-plaintiff status is December 14, 2026. These announcements largely repeat the same lawsuit-related claims rather than representing separate new operational developments. Rosen Gildan class action notice
• Negative Sentiment: The lawsuits allege that Gildan used channel stuffing to create the appearance of revenue growth and overstated organic performance. If proven, the claims could require financial restatements, damages, or regulatory scrutiny and could undermine investor confidence in management and reported results. Hagens Berman Gildan investor alert
• Negative Sentiment: Investor notices state that the allegations triggered a sharp selloff in GIL shares. The litigation adds legal costs, uncertainty around the company’s historical disclosures, and potential downside to valuation even though the allegations have not been proven in court. BFA Law Gildan class action notice

About Gildan Activewear

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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