Research Analysts Offer Predictions for GIL Q3 Earnings

Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL - Stock analysts at National Bank Financial lowered their Q3 2026 earnings per share (EPS) estimates for Gildan Activewear in a report issued on Wednesday, April 30th. National Bank Financial analyst V. Shreedhar now forecasts that the textile maker will post earnings of $1.10 per share for the quarter, down from their prior estimate of $1.13. The consensus estimate for Gildan Activewear's current full-year earnings is $3.48 per share. National Bank Financial also issued estimates for Gildan Activewear's Q4 2026 earnings at $0.98 EPS.

GIL has been the subject of several other reports. UBS Group raised their price target on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. CIBC lowered their target price on shares of Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus boosted their target price on shares of Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. BMO Capital Markets increased their price objective on Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group upped their price target on Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $58.20.

Gildan Activewear Stock Up 0.7 %

Shares of GIL traded up $0.34 during mid-day trading on Friday, reaching $47.77. The company's stock had a trading volume of 854,042 shares, compared to its average volume of 656,425. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. Gildan Activewear has a 1 year low of $32.32 and a 1 year high of $55.39. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average of $44.93 and a 200 day moving average of $47.80.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly earnings results on Tuesday, April 29th. The textile maker reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The company had revenue of $711.70 million during the quarter, compared to analyst estimates of $715.29 million. During the same period in the prior year, the business posted $0.59 EPS. The business's revenue for the quarter was up 2.3% compared to the same quarter last year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.226 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.90 annualized dividend and a yield of 1.89%. Gildan Activewear's payout ratio is 34.75%.

Hedge Funds Weigh In On Gildan Activewear

Several large investors have recently bought and sold shares of the stock. Plato Investment Management Ltd purchased a new position in shares of Gildan Activewear in the 4th quarter worth about $28,000. Olde Wealth Management LLC purchased a new position in shares of Gildan Activewear in the first quarter valued at $29,000. Versant Capital Management Inc lifted its holdings in shares of Gildan Activewear by 510.7% in the first quarter. Versant Capital Management Inc now owns 745 shares of the textile maker's stock worth $33,000 after buying an additional 623 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Gildan Activewear by 4,323.5% in the 1st quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock valued at $33,000 after purchasing an additional 735 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Gildan Activewear by 61.8% during the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker's stock worth $41,000 after purchasing an additional 333 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.

About Gildan Activewear

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.