Gildan Activewear, Inc. (NYSE:GIL) Receives $64.58 Average PT from Analysts

Key Points

• Gildan Activewear, Inc. has received a consensus rating of "Moderate Buy" from twelve analysts, with an average 12-month target price of $64.58.
• The company recently reported earnings of $0.97 per share, exceeding analysts' estimates and marking a 6.5% revenue increase year-over-year.
• Gildan Activewear announced a quarterly dividend of $0.226 per share, reflecting an annualized dividend yield of 1.6%.

Shares of Gildan Activewear, Inc. (NYSE:GIL - Get Free Report) TSE: GIL have received a consensus recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $64.5833.

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of Gildan Activewear from $51.00 to $56.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. BMO Capital Markets reissued an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. CIBC raised their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperformer" rating in a research report on Friday, August 1st. UBS Group boosted their price target on Gildan Activewear from $56.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Finally, Scotiabank reiterated an "outperform" rating on shares of Gildan Activewear in a report on Thursday, August 14th.

Institutional Investors Weigh In On Gildan Activewear

A number of institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Gildan Activewear during the 1st quarter worth $1,072,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Gildan Activewear during the 1st quarter worth $474,000. PNC Financial Services Group Inc. boosted its position in Gildan Activewear by 173.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,259 shares of the textile maker's stock worth $542,000 after acquiring an additional 7,778 shares during the period. Aigen Investment Management LP boosted its position in Gildan Activewear by 243.7% during the 1st quarter. Aigen Investment Management LP now owns 26,356 shares of the textile maker's stock worth $1,165,000 after acquiring an additional 18,688 shares during the period. Finally, Polar Asset Management Partners Inc. boosted its position in Gildan Activewear by 55.6% during the 4th quarter. Polar Asset Management Partners Inc. now owns 26,450 shares of the textile maker's stock worth $1,244,000 after acquiring an additional 9,450 shares during the period. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Trading Up 3.3%

Shares of NYSE GIL traded up $1.78 during midday trading on Tuesday, hitting $56.20. The stock had a trading volume of 1,856,155 shares, compared to its average volume of 821,269. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.75 and a beta of 1.17. Gildan Activewear has a 1-year low of $37.16 and a 1-year high of $57.76. 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 company has a fifty day moving average price of $53.53 and a 200 day moving average price of $48.85.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its earnings results on Thursday, July 31st. The textile maker reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. The business had revenue of $918.50 million for the quarter, compared to the consensus estimate of $908.41 million. Gildan Activewear had a return on equity of 34.31% and a net margin of 14.55%.The company's revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. On average, analysts predict that Gildan Activewear will post 3.48 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 21st were issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, August 21st. Gildan Activewear's 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.