Desjardins Research Analysts Lift Earnings Estimates for GIL

Key Points

• Desjardins has raised its FY2025 earnings estimate for Gildan Activewear to $3.43 per share, from a previous estimate of $3.38.
• Gildan reported $0.97 earnings per share for the most recent quarter, exceeding the consensus estimate of $0.96, with revenues of $918.5 million.
• Several institutions have increased their target prices for Gildan Activewear, with CIBC and TD Securities both raising their targets to $60.00.

Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL - Research analysts at Desjardins lifted their FY2025 EPS estimates for Gildan Activewear in a research report issued to clients and investors on Thursday, July 31st. Desjardins analyst C. Li now forecasts that the textile maker will post earnings per share of $3.43 for the year, up from their previous estimate of $3.38. The consensus estimate for Gildan Activewear's current full-year earnings is $3.48 per share. Desjardins also issued estimates for Gildan Activewear's Q4 2025 earnings at $0.90 EPS and FY2026 earnings at $3.84 EPS.

Other research analysts also recently issued research reports about the stock. TD Securities raised their target price on shares of Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. CIBC raised their target price on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an "outperformer" rating in a research report on Friday. Scotiabank raised their target price on shares of Gildan Activewear from $55.00 to $59.00 and gave the company a "sector outperform" rating in a research report on Friday. Royal Bank Of Canada initiated coverage on shares of Gildan Activewear in a research report on Tuesday. They issued an "outperform" rating and a $61.00 target price for the company. Finally, UBS Group raised their target price on shares of Gildan Activewear from $56.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $62.33.

Gildan Activewear Stock Up 0.9%

Shares of NYSE:GIL traded up $0.46 during midday trading on Monday, reaching $52.54. 591,535 shares of the company were exchanged, compared to its average volume of 527,360. Gildan Activewear has a fifty-two week low of $37.16 and a fifty-two week high of $55.39. The company has a quick ratio of 1.67, a current ratio of 3.87 and a debt-to-equity ratio of 1.37. The stock has a fifty day simple moving average of $49.54 and a two-hundred day simple moving average of $48.26. The firm has a market cap of $7.88 billion, a PE ratio of 16.68, a P/E/G ratio of 1.67 and a beta of 1.17.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly earnings data on Thursday, July 31st. The textile maker reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.01. Gildan Activewear had a net margin of 14.55% and a return on equity of 34.31%. The business had revenue of $918.50 million for the quarter, compared to analyst estimates of $908.41 million. During the same period last year, the business posted $0.74 earnings per share. The firm's quarterly revenue was up 6.5% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GIL. Maseco LLP acquired a new position in Gildan Activewear during the 2nd quarter worth approximately $26,000. Olde Wealth Management LLC bought a new stake in shares of Gildan Activewear in the 1st quarter valued at $29,000. Twin Tree Management LP bought a new stake in shares of Gildan Activewear in the 1st quarter valued at $29,000. Versant Capital Management Inc boosted its stake in Gildan Activewear by 510.7% during the first quarter. Versant Capital Management Inc now owns 745 shares of the textile maker's stock worth $33,000 after acquiring an additional 623 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Gildan Activewear by 4,323.5% during the first quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock worth $33,000 after acquiring an additional 735 shares in the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, August 21st. Gildan Activewear's dividend payout ratio is 28.57%.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.