Gildan Activewear (NYSE:GIL) Given New $111.00 Price Target at UBS Group

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price objective hoisted by equities researchers at UBS Group from $110.00 to $111.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. UBS Group’s price target would indicate a potential upside of 100.44% from the stock’s current price.

GIL has been the subject of a number of other reports. Scotia boosted their target price on shares of Gildan Activewear from $65.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. TD Securities reiterated a “buy” rating on shares of Gildan Activewear in a research note on Tuesday, June 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $77.00 price objective on shares of Gildan Activewear in a report on Friday, May 1st. Finally, Scotiabank restated a “sector outperform” rating and issued a $67.00 target price (up from $65.00) on shares of Gildan Activewear in a research note on Friday. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.07.

Gildan Activewear Stock Performance

NYSE:GIL traded up $2.88 during midday trading on Friday, hitting $55.38. The company’s stock had a trading volume of 3,246,801 shares, compared to its average volume of 1,442,510. Gildan Activewear has a fifty-two week low of $46.00 and a fifty-two week high of $73.69. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The firm has a market cap of $10.26 billion, a P/E ratio of 32.58 and a beta of 1.11. The firm’s 50 day moving average is $54.51 and its 200-day moving average is $59.48.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.11 by $0.17. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The business’s quarterly revenue was up 72.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. Equities analysts anticipate that Gildan Activewear will post 4.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gildan Activewear

Large investors have recently bought and sold shares of the business. Caisse de depot et placement du Quebec increased its position in shares of Gildan Activewear by 1,695.7% in the fourth quarter. Caisse de depot et placement du Quebec now owns 6,240,014 shares of the textile maker’s stock valued at $390,539,000 after buying an additional 5,892,514 shares in the last quarter. Norges Bank acquired a new position in shares of Gildan Activewear during the 4th quarter worth approximately $151,018,000. Mackenzie Financial Corp lifted its position in shares of Gildan Activewear by 41.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock valued at $429,382,000 after buying an additional 2,001,279 shares in the last quarter. Brandes Investment Partners LP purchased a new position in shares of Gildan Activewear during the 4th quarter valued at approximately $99,870,000. Finally, Vanguard Group Inc. grew its stake in Gildan Activewear by 26.0% in the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock valued at $472,964,000 after acquiring an additional 1,561,729 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

Key Stories Impacting Gildan Activewear

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Scotia raised its price target for GIL from $65 to $67 and upgraded the stock to “sector outperform,” implying approximately 20% upside from the cited market price. BayStreet.CA analyst rating
• Positive Sentiment: Gildan reported second-quarter adjusted earnings of $1.28 per share, beating the $1.11 consensus estimate and rising from $0.97 a year earlier. Revenue from continuing operations reached $1.58 billion, up 72.3% year over year, while operating margin was 11.1% and adjusted operating margin was 22.3%. The company also updated its full-year 2026 guidance. Gildan second-quarter results
• Positive Sentiment: The company declared a quarterly dividend of $0.249 per share, payable September 14 to shareholders of record August 20. The dividend represents an annualized yield of approximately 1.8%, supporting the stock’s income appeal.
• Positive Sentiment: Gildan announced the sale of HanesBrands Australia, a move that could simplify its portfolio and sharpen focus on core operations. Retail Insider report
• Neutral Sentiment: Despite adjusted earnings strength, reported coverage highlighted a $50 million quarterly net loss, and revenue of $1.58 billion was below the $1.61 billion analyst consensus. MarketBeat earnings report
• Neutral Sentiment: Unusually high trading in Gildan put options signals that some investors are positioning for downside, although options activity alone does not establish the stock’s future direction. Put options report
• Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims alleging that Gildan may have issued materially misleading business information. The investigation could create legal costs, reputational risk and uncertainty for shareholders, although no wrongdoing has been established. Rosen Law Firm investigation

About Gildan Activewear

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.