Gildan Activewear, Inc. (NYSE:GIL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Gildan Activewear, Inc. has received a consensus recommendation of "Moderate Buy" from 14 research firms, with 13 analysts issuing buy ratings and one analyst recommending a hold.
• The company recently reported a quarterly earnings per share of $0.97, exceeding the estimated $0.96, and showing a 6.5% year-over-year revenue increase.
• Gildan Activewear announced a quarterly dividend of $0.226 per share, reflecting an annualized dividend yield of 1.5% and a payout ratio of 28.57%.

Gildan Activewear, Inc. (NYSE:GIL - Get Free Report) TSE: GIL has earned an average recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $66.2308.

A number of equities analysts have weighed in on the stock. Citigroup set a $60.00 price target on shares of Gildan Activewear and gave the stock a "buy" rating in a research note on Thursday, August 14th. Royal Bank Of Canada raised their target price on shares of Gildan Activewear from $61.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded shares of Gildan Activewear from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Barclays raised their target price on shares of Gildan Activewear from $51.00 to $56.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus set a $75.00 target price on shares of Gildan Activewear and gave the company a "buy" rating in a research note on Friday, September 19th.

Gildan Activewear Stock Performance

Shares of GIL opened at $59.43 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.67 and a current ratio of 3.87. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.95 and a beta of 1.20. Gildan Activewear has a 1 year low of $37.16 and a 1 year high of $62.23. The company's 50 day simple moving average is $55.68 and its 200 day simple moving average is $50.05.

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

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 21st were paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 21st. Gildan Activewear's dividend payout ratio (DPR) is currently 28.57%.

Hedge Funds Weigh In On Gildan Activewear

Hedge funds have recently made changes to their positions in the business. Maseco LLP purchased a new position in shares of Gildan Activewear in the 2nd quarter valued at $26,000. Smartleaf Asset Management LLC grew its holdings in Gildan Activewear by 161.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker's stock valued at $27,000 after purchasing an additional 343 shares in the last quarter. Twin Tree Management LP acquired a new stake in Gildan Activewear during the 1st quarter valued at $29,000. Olde Wealth Management LLC acquired a new stake in Gildan Activewear during the 1st quarter valued at $29,000. Finally, GAMMA Investing LLC grew its holdings in Gildan Activewear by 4,323.5% during 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 in the last quarter. Hedge funds and other institutional investors own 82.83% of the company's stock.

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.

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