Scotiabank Predicts Increased Earnings for Gildan Activewear

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) – Equities researchers at Scotiabank increased their FY2026 EPS estimates for shares of Gildan Activewear in a research report issued on Tuesday, August 4th. Scotiabank analyst J. Zamparo now expects that the textile maker will post earnings of $4.63 per share for the year, up from their previous forecast of $4.20. Scotiabank currently has a “Sector Outperform” rating and a $67.00 target price on the stock. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.68 per share.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, July 30th. The textile maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.11 by $0.17. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.61 billion. Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%.The firm’s revenue was up 72.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS.

A number of other equities research analysts have also commented on the company. Stifel Nicolaus set a $83.00 price target on Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, July 31st. UBS Group boosted their price objective on Gildan Activewear from $110.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, July 31st. TD Securities reissued a “buy” rating on shares of Gildan Activewear in a research note on Tuesday, June 16th. Citigroup restated a “neutral” rating on shares of Gildan Activewear in a report on Tuesday. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.07.

Gildan Activewear Stock Up 0.2%

NYSE:GIL opened at $58.19 on Friday. Gildan Activewear has a 1 year low of $46.00 and a 1 year high of $73.69. The stock has a 50-day moving average price of $54.22 and a two-hundred day moving average price of $59.27. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 111.91 and a beta of 1.11. The company has a current ratio of 1.93, a quick ratio of 1.01 and a debt-to-equity ratio of 1.15.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Thursday, August 20th will be issued a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, August 20th. Gildan Activewear’s payout ratio is 190.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of Gildan Activewear by 0.9% during the first quarter. Janus Henderson Group PLC now owns 10,593,203 shares of the textile maker’s stock worth $589,508,000 after buying an additional 98,134 shares in the last quarter. Vanguard Group Inc. lifted 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 in the last quarter. Royal Bank of Canada boosted its position in Gildan Activewear by 20.9% during the 1st quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker’s stock worth $384,629,000 after acquiring an additional 1,193,718 shares during the last quarter. Mackenzie Financial Corp boosted its position in Gildan Activewear by 41.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock worth $429,382,000 after acquiring an additional 2,001,279 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Gildan Activewear by 15.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 6,706,078 shares of the textile maker’s stock worth $373,122,000 after acquiring an additional 909,001 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Company Profile

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.