Gildan Activewear - GIL Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gildan Activewear in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GIL shares.
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5 equities research analysts have issued 12 month target prices for Gildan Activewear's stock. Their GIL share price forecasts range from $29.00 to $55.00. On average, they predict the company's share price to reach $41.50 in the next twelve months. This suggests a possible upside of 30.3% 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 at the beginning of the year. Since then, GIL shares have increased by 16.2% and is now trading at $31.85.
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Gildan Activewear saw a increase in short interest in February. As of February 28th, there was short interest totaling 3,820,000 shares, an increase of 10.1% from the February 13th total of 3,470,000 shares. Based on an average daily volume of 588,400 shares, the days-to-cover ratio is currently 6.5 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 Wednesday, May 3rd 2023.
View our GIL earnings forecast.

Gildan Activewear Inc. (NYSE:GIL) released its earnings results on Wednesday, February, 22nd. The textile maker reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.01. The textile maker had revenue of $720 million for the quarter, compared to the consensus estimate of $761.15 million. Gildan Activewear had a trailing twelve-month return on equity of 30.81% and a net margin of 16.71%. Gildan Activewear's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share.

Gildan Activewear declared a quarterly dividend on Wednesday, February 22nd. Investors of record on Tuesday, March 14th will be given a dividend of $0.14 per share on Monday, April 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Monday, March 13th.
Read our dividend analysis for GIL.

Gildan Activewear (NYSE:GIL) pays an annual dividend of $0.75 per share and currently has a dividend yield of 2.34%. 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 25.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIL will have a dividend payout ratio of 22.19% 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 payable 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 issued an update on its FY23 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of $3.11 for the period, compared to the consensus earnings per share estimate of $3.05. The company issued revenue guidance of $3.27-3.34 billion, compared to the consensus revenue estimate of $3.30 billion.

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 shareholders include Jarislowsky Fraser Ltd (7.50%), Pzena Investment Management LLC (6.41%), Cooke & Bieler LP (5.49%), Principal Financial Group Inc. (2.23%), Cardinal Capital Management Inc. (1.45%) and Kovitz Investment Group Partners LLC (1.29%).

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 $31.85.

Gildan Activewear (NYSE:GIL) has a market capitalization of $5.72 billion and generates $3.24 billion in revenue each year. The textile maker earns $541.54 million in net income (profit) each year or $2.93 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.