National Bank Financial Forecasts GIL FY2025 Earnings

Key Points

• National Bank Financial has raised its FY2025 earnings per share (EPS) estimate for Gildan Activewear to $3.46, slightly above their prior forecast of $3.45, with the consensus estimate at $3.48.
• Scotiabank has upgraded Gildan Activewear to a "strong-buy" rating with a price target of $55.00, while TD Securities raised their target from $56.00 to $60.00.
• Gildan Activewear recently announced a quarterly dividend of $0.226, equating to an annualized payout of $0.90 and a yield of 1.73%.

Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL - Stock analysts at National Bank Financial boosted their FY2025 EPS estimates for Gildan Activewear in a research note issued on Wednesday, July 23rd. National Bank Financial analyst V. Shreedhar now anticipates that the textile maker will post earnings per share of $3.46 for the year, up from their previous forecast of $3.45. The consensus estimate for Gildan Activewear's current full-year earnings is $3.48 per share.

Several other equities research analysts have also recently weighed in on GIL. Scotiabank upgraded shares of Gildan Activewear to a "strong-buy" rating and set a $55.00 price target on the stock in a research report on Wednesday, May 28th. TD Securities boosted their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Barclays began coverage on shares of Gildan Activewear in a research report on Monday, April 28th. They issued an "overweight" rating and a $51.00 price target on the stock. Finally, CIBC reduced their price target on shares of Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Nine research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $57.91.

Gildan Activewear Trading Down 1.8%

Shares of GIL opened at $52.16 on Friday. The company's fifty day moving average is $49.23 and its 200 day moving average is $48.09. Gildan Activewear has a fifty-two week low of $37.16 and a fifty-two week high of $55.39. The stock has a market capitalization of $7.82 billion, a PE ratio of 20.14, a P/E/G ratio of 1.71 and a beta of 1.19. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.59 and a current ratio of 3.91.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its quarterly earnings results on Tuesday, April 29th. The textile maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Gildan Activewear had a net margin of 12.38% and a return on equity of 30.61%. The company had revenue of $711.70 million for the quarter, compared to analysts' expectations of $715.29 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. Gildan Activewear's quarterly revenue was up 2.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GIL. Janus Henderson Group PLC lifted its stake in Gildan Activewear by 1.9% in the fourth quarter. Janus Henderson Group PLC now owns 6,970,246 shares of the textile maker's stock worth $327,950,000 after acquiring an additional 128,674 shares during the period. The Manufacturers Life Insurance Company lifted its stake 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 acquiring an additional 1,189,921 shares during the period. Mackenzie Financial Corp lifted its stake in Gildan Activewear by 2.1% in the first quarter. Mackenzie Financial Corp now owns 2,738,691 shares of the textile maker's stock worth $121,073,000 after acquiring an additional 56,400 shares during the period. Cardinal Capital Management Inc. lifted its stake in Gildan Activewear by 0.5% in the second quarter. Cardinal Capital Management Inc. now owns 2,728,046 shares of the textile maker's stock worth $134,378,000 after acquiring an additional 14,065 shares during the period. Finally, Norges Bank purchased a new stake in Gildan Activewear in the fourth quarter worth about $97,275,000. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th were issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, May 20th. Gildan Activewear's payout ratio is presently 34.75%.

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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