Gildan Activewear (NYSE:GIL) Earns "Buy (B-)" Rating from Weiss Ratings

Key Points

• Gildan Activewear recently received a "Buy (B-)" rating from Weiss Ratings, with an average rating of "Moderate Buy" across 14 analysts and a target price of $66.23.
• The company reported a quarterly EPS of $0.97, beating estimates by $0.01, and showed a year-over-year revenue increase of 6.5% to $918.5 million.
• Current trading indicates Gildan's stock price at $60.24 with a market capitalization of $8.98 billion, reflecting a PE ratio of 19.14.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL's stock had its "buy (b-)" rating restated by equities researchers at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Several other brokerages also recently commented on GIL. BMO Capital Markets reaffirmed an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. CIBC lifted their target price on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperformer" rating in a research note on Friday, August 1st. Citigroup set a $60.00 price objective on shares of Gildan Activewear and gave the company a "buy" rating in a research report on Thursday, August 14th. Wall Street Zen downgraded shares of Gildan Activewear from a "buy" rating to a "hold" rating in a research report on Saturday, September 6th. Finally, Scotiabank reissued an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $66.23.

Gildan Activewear Price Performance

Shares of GIL stock traded down $0.24 during trading hours on Tuesday, hitting $60.24. 347,947 shares of the company's stock were exchanged, compared to its average volume of 809,113. The company has a market capitalization of $8.98 billion, a PE ratio of 19.14, a PEG ratio of 1.91 and a beta of 1.20. Gildan Activewear has a 12-month low of $37.16 and a 12-month high of $62.23. The business's 50 day simple moving average is $55.85 and its 200-day simple moving average is $50.23. The company has a current ratio of 3.87, a quick ratio of 1.67 and a debt-to-equity ratio of 1.37.

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

Institutional Trading of Gildan Activewear

Hedge funds have recently modified their holdings of the business. Maseco LLP bought a new position in Gildan Activewear in the 2nd quarter worth about $26,000. Smartleaf Asset Management LLC grew 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 valued at $27,000 after purchasing an additional 343 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in Gildan Activewear during the 1st quarter valued at about $29,000. Twin Tree Management LP purchased a new stake in Gildan Activewear during the 1st quarter valued at about $29,000. Finally, GAMMA Investing LLC grew its position 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 during the last quarter. Institutional investors own 82.83% of the company's stock.

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.

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