Gildan Activewear (NYSE:GIL) PT Set at $75.00 by Stifel Nicolaus

Key Points

• Gildan Activewear received a price target of $75.00 from Stifel Nicolaus, which suggests a potential upside of 34.19% from its current stock price.
• In recent reports, analysts have issued varied price targets for Gildan, with an average target price of $64.58 and an overall consensus rating of "Moderate Buy."
• For the latest quarter, Gildan reported earnings per share of $0.97, exceeding analyst expectations and demonstrating a 6.5% increase in revenue year-over-year.

Stifel Nicolaus set a $75.00 price objective on Gildan Activewear (NYSE:GIL - Free Report) TSE: GIL in a research note released on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the textile maker's stock.

A number of other research analysts have also recently commented on the company. BMO Capital Markets restated an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. UBS Group raised their price target on Gildan Activewear from $56.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Scotiabank reiterated an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. Barclays lifted their price target on Gildan Activewear from $51.00 to $56.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Cfra Research upgraded Gildan Activewear to a "hold" rating in a research note on Monday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Gildan Activewear currently has a consensus rating of "Moderate Buy" and an average target price of $64.58.

Gildan Activewear Price Performance

Gildan Activewear stock traded up $0.14 during mid-day trading on Friday, reaching $56.32. 1,059,017 shares of the company were exchanged, compared to its average volume of 857,858. The firm has a market cap of $8.40 billion, a PE ratio of 17.34, a PEG ratio of 1.80 and a beta of 1.17. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.87 and a quick ratio of 1.67. The company has a fifty day simple moving average of $53.63 and a 200-day simple moving average of $48.87. Gildan Activewear has a 12 month low of $37.16 and a 12 month high of $57.76.

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

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors 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 1.6%. The ex-dividend date of this dividend was Thursday, August 21st. Gildan Activewear's payout ratio is currently 28.57%.

Hedge Funds Weigh In On Gildan Activewear

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Gildan Activewear during the second quarter valued at $101,409,000. Mackenzie Financial Corp lifted its stake in shares of Gildan Activewear by 61.9% in the 2nd quarter. Mackenzie Financial Corp now owns 4,434,020 shares of the textile maker's stock valued at $218,622,000 after purchasing an additional 1,695,329 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Gildan Activewear in the 2nd quarter valued at about $65,409,000. The Manufacturers Life Insurance Company increased its holdings in Gildan Activewear by 67.2% in the first quarter. The Manufacturers Life Insurance Company now owns 2,959,555 shares of the textile maker's stock worth $131,556,000 after purchasing an additional 1,189,921 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Gildan Activewear by 24.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,678,451 shares of the textile maker's stock valued at $180,305,000 after buying an additional 718,896 shares during the period. Institutional investors and hedge funds 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.