Q2 EPS Estimates for Gildan Activewear Lowered by Desjardins

Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL - Desjardins cut their Q2 2025 earnings per share estimates for Gildan Activewear in a report issued on Wednesday, April 30th. Desjardins analyst C. Li now forecasts that the textile maker will post earnings of $0.97 per share for the quarter, down from their prior forecast of $0.99. The consensus estimate for Gildan Activewear's current full-year earnings is $3.48 per share. Desjardins also issued estimates for Gildan Activewear's Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.85 EPS and FY2026 earnings at $3.83 EPS.

A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group lifted their target price on shares of Gildan Activewear from $53.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Citigroup increased their target price on Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, February 20th. CIBC reduced their price objective on Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday. UBS Group lifted their price objective on Gildan Activewear from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets upped their target price on shares of Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Gildan Activewear has an average rating of "Buy" and an average price target of $58.20.

Gildan Activewear Stock Down 0.3 %

Gildan Activewear stock opened at $46.00 on Friday. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 2.22. Gildan Activewear has a fifty-two week low of $32.23 and a fifty-two week high of $55.39. The stock's fifty day moving average is $45.07 and its two-hundred day moving average is $47.80.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings results on Tuesday, April 29th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The company had revenue of $711.70 million during the quarter, compared to the consensus estimate of $715.29 million. During the same period last year, the firm earned $0.59 EPS. The company's revenue for the quarter was up 2.3% on a year-over-year basis.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, May 20th will be issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Tuesday, May 20th. Gildan Activewear's payout ratio is currently 34.75%.

Institutional Investors Weigh In On Gildan Activewear

Institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in Gildan Activewear by 1.9% during the 4th quarter. Janus Henderson Group PLC now owns 6,970,246 shares of the textile maker's stock worth $327,950,000 after purchasing an additional 128,674 shares in the last quarter. Norges Bank acquired a new stake in shares of Gildan Activewear in the fourth quarter worth $97,275,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Gildan Activewear by 604.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,850,971 shares of the textile maker's stock valued at $86,999,000 after acquiring an additional 1,588,071 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Gildan Activewear by 276.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,769,634 shares of the textile maker's stock valued at $83,394,000 after acquiring an additional 1,300,121 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Gildan Activewear by 19.5% during the 4th quarter. National Bank of Canada FI now owns 1,668,147 shares of the textile maker's stock worth $78,571,000 after purchasing an additional 272,627 shares during the period. 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.

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