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

Key Points

• Gildan Activewear, Inc. received an average rating of "Moderate Buy" from twelve analysts, with eleven issuing a buy rating and one a hold rating.
• The company reported earnings of $0.97 per share for the last quarter, which exceeded analysts' expectations, and achieved a revenue of $918.50 million, marking a 6.5% year-over-year increase.
• Gildan Activewear announced a quarterly dividend of $0.226 per share, equating to an annualized yield of 1.7%, with the payout ratio currently at 28.57%.

Shares of Gildan Activewear, Inc. (NYSE:GIL - Get Free Report) TSE: GIL have been given an average rating of "Moderate Buy" by the twelve research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $64.5833.

A number of research firms recently commented on GIL. TD Securities lifted their price target on Gildan Activewear from $56.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. CIBC lifted their price target on Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperformer" rating in a report on Friday, August 1st. BMO Capital Markets reiterated an "outperform" rating on shares of Gildan Activewear in a report on Thursday, August 14th. UBS Group lifted their price target on Gildan Activewear from $56.00 to $70.00 and gave the stock 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

Institutional investors have recently made changes to their positions in the stock. Maseco LLP bought a new position in shares of Gildan Activewear in the 2nd quarter valued at $26,000. Smartleaf Asset Management LLC raised its position in Gildan Activewear by 161.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker's stock worth $27,000 after purchasing an additional 343 shares during the last quarter. Twin Tree Management LP bought a new position in Gildan Activewear during the 1st quarter worth $29,000. Olde Wealth Management LLC bought a new position in Gildan Activewear during the 1st quarter worth $29,000. Finally, Versant Capital Management Inc grew its holdings in Gildan Activewear by 510.7% during the 1st quarter. Versant Capital Management Inc now owns 745 shares of the textile maker's stock worth $33,000 after acquiring an additional 623 shares during the period. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Trading Up 1.0%

Shares of NYSE:GIL traded up $0.52 during midday trading on Friday, hitting $55.35. The company had a trading volume of 1,115,309 shares, compared to its average volume of 1,709,367. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.76 and a beta of 1.17. Gildan Activewear has a 12 month low of $37.16 and a 12 month high of $57.76. The company has a current ratio of 3.87, a quick ratio of 1.67 and a debt-to-equity ratio of 1.37. The firm has a fifty day simple moving average of $51.70 and a 200 day simple moving average of $48.62.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its quarterly earnings results on Thursday, July 31st. The textile maker reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. The firm 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 for the quarter was up 6.5% on a year-over-year basis. During the same quarter 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 EPS for the current year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 21st will be paid a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is 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.