Gildan Activewear - GIL Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gildan Activewear in the last year. There are currently 1 hold rating and 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.

7 equities research analysts have issued twelve-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 stock price to reach $44.11 in the next twelve months. This suggests a possible upside of 55.6% 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 $42.39 at the beginning of 2022. Since then, GIL stock has decreased by 33.1% and is now trading at $28.35.
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Gildan Activewear saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,150,000 shares, an increase of 24.1% from the August 31st total of 4,150,000 shares. Based on an average daily volume of 674,700 shares, the short-interest ratio is presently 7.6 days. Approximately 2.9% of the shares of the stock are short sold.
View Gildan Activewear's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our GIL earnings forecast.

Gildan Activewear Inc. (NYSE:GIL) posted its quarterly earnings data on Thursday, August, 4th. The textile maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. The textile maker had revenue of $895.60 million for the quarter, compared to the consensus estimate of $820.62 million. Gildan Activewear had a net margin of 20.48% and a trailing twelve-month return on equity of 32.51%. The firm's revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS.

Gildan Activewear declared a quarterly dividend on Thursday, August 4th. Stockholders of record on Thursday, August 25th will be paid a dividend of $0.169 per share on Monday, September 19th. This represents a $0.68 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, August 24th.
Read our dividend analysis for GIL.

Gildan Activewear (NYSE:GIL) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.42%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIL will have a dividend payout ratio of 21.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GIL.

Gildan Activewear's stock split on the morning of Monday, March 30th 2015. The 2-1 split was announced on Wednesday, February 4th 2015. The newly created 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.

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 many different institutional and retail investors. Top institutional investors include Jarislowsky Fraser Ltd (7.72%), Pzena Investment Management LLC (6.85%), Cooke & Bieler LP (5.30%), FMR LLC (3.68%), Turtle Creek Asset Management Inc. (2.19%) and Principal Financial Group Inc. (1.81%).

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 $28.35.

Gildan Activewear (NYSE:GIL) has a market capitalization of $5.15 billion and generates $2.92 billion in revenue each year. The textile maker earns $607.18 million in net income (profit) each year or $3.46 on an earnings per share basis.

The company employs 44,000 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.