Gildan Activewear (GIL) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gildan Activewear in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GIL shares.
View GIL analyst ratings or view top-rated stocks.

6 brokerages have issued twelve-month price targets for Gildan Activewear's stock. Their GIL share price forecasts range from $27.00 to $42.00. On average, they predict the company's share price to reach $36.71 in the next twelve months. This suggests a possible upside of 34.7% from the stock's current price.
View analysts price targets for GIL or view top-rated stocks among Wall Street analysts.

Gildan Activewear's stock was trading at $27.40 on January 1st, 2023. Since then, GIL shares have decreased by 0.5% and is now trading at $27.25.
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Gildan Activewear saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,800,000 shares, an increase of 7.0% from the August 15th total of 3,550,000 shares. Based on an average trading volume of 495,700 shares, the short-interest ratio is presently 7.7 days. Currently, 2.2% of the shares of the stock are sold short.
View Gildan Activewear's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our GIL earnings forecast.

Gildan Activewear Inc. (NYSE:GIL) announced its quarterly earnings data on Thursday, August, 3rd. The textile maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The textile maker earned $840.40 million during the quarter, compared to analysts' expectations of $822.03 million. Gildan Activewear had a net margin of 15.73% and a trailing twelve-month return on equity of 24.47%.

Gildan Activewear announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.186 per share on Monday, September 18th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Wednesday, August 23rd.
Read our dividend analysis for GIL.

Gildan Activewear (NYSE:GIL) pays an annual dividend of $0.74 per share and currently has a dividend yield of 2.73%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIL will have a dividend payout ratio of 24.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GIL.

Gildan Activewear shares split before market open on Monday, March 30th 2015. The 2-1 split was announced on Wednesday, February 4th 2015. The newly issued shares were distributed to shareholders after the closing bell on Friday, March 27th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Gildan Activewear updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $2.55-$2.65 for the period, compared to the consensus earnings per share estimate of $2.69. The company issued revenue guidance of -.

61 employees have rated Gildan Activewear Chief Executive Officer Glenn J. Chamandy on Glassdoor.com. Glenn J. Chamandy has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gildan Activewear investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), Ciena (CIEN), First Data (FDC), Air Canada (AC) and China Unicom (Hong Kong) (CHU).

Gildan Activewear trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIL."

Gildan Activewear's stock is owned by a variety of institutional and retail investors. Top institutional investors include Jarislowsky Fraser Ltd (7.16%), Pzena Investment Management LLC (6.14%), Coliseum Capital Management LLC (6.07%), Cooke & Bieler LP (5.60%), Browning West LP (3.78%) and Principal Financial Group Inc. (2.40%).

Shares of GIL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GIL stock can currently be purchased for approximately $27.25.

Gildan Activewear (NYSE:GIL) has a market capitalization of $4.76 billion and generates $3.24 billion in revenue each year. The textile maker earns $541.54 million in net income (profit) each year or $2.72 on an earnings per share basis.

The company employs 51,000 workers across the globe.

Gildan Activewear's mailing address is 600 BOULEVARD DE MAISONNEUVE OUEST 33RD FLOOR, MONTREAL A8, H3A 3J2. The official website for the company is www.gildan.com. The textile maker can be reached via phone at (514) 735-2023, via email at investors@gildan.com, or via fax at 514-735-6810.