Gildan Activewear (NYSE:GIL) Releases FY 2025 Earnings Guidance

Key Points

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Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 3.400-3.560 for the period, compared to the consensus EPS estimate of 3.482. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of research firms recently weighed in on GIL. TD Securities raised their target price on shares of Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Barclays increased their price target on Gildan Activewear from $51.00 to $56.00 and gave the company an "overweight" rating in a report on Friday. National Bankshares increased their price target on Gildan Activewear from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Friday. Scotiabank boosted their price objective on Gildan Activewear from $55.00 to $59.00 and gave the company an "outperform" rating in a report on Friday. Finally, CIBC lifted their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an "outperformer" rating in a research note on Friday. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $60.92.

Gildan Activewear Stock Up 1.2%

NYSE GIL traded up $0.62 during midday trading on Friday, hitting $51.13. 781,511 shares of the company traded hands, compared to its average volume of 506,649. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.91 and a quick ratio of 1.59. The company has a market cap of $7.67 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19. The company's 50-day simple moving average is $49.48 and its 200-day simple moving average is $48.26. Gildan Activewear has a 52 week low of $37.16 and a 52 week high of $55.39.

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, 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 34.00%. The business had revenue of $918.50 million for the quarter, compared to analyst estimates of $908.41 million. During the same period in the previous year, the company earned $0.74 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that Gildan Activewear will post 3.48 earnings per share for the current year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 21st will be issued a $0.226 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.8%. Gildan Activewear's dividend payout ratio (DPR) is currently 28.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GIL. Goldman Sachs Group Inc. raised its holdings in shares of Gildan Activewear by 40.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker's stock worth $77,838,000 after purchasing an additional 503,359 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Gildan Activewear by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker's stock worth $8,251,000 after buying an additional 4,714 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Gildan Activewear by 49.3% in the 1st quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker's stock worth $584,000 after acquiring an additional 4,360 shares in the last quarter. Hedge funds and other 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.