Gildan Activewear (NYSE:GIL) Downgraded by Zacks Research to “Strong Sell”

Gildan Activewear (NYSE:GIL) (TSE:GIL) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday, Zacks reports.

GIL has been the subject of several other reports. Scotiabank cut shares of Gildan Activewear from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $53.00 to $39.00 in a research note on Friday, November 6th. TD Securities cut their price objective on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. TD reduced their target price on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, September 24th. TD Cowen reaffirmed a “buy” rating on shares of Gildan Activewear in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gildan Activewear in a report on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.42.

Gildan Activewear Stock Performance

Shares of GIL opened at $35.67 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.22 and a current ratio of 2.32. The stock has a 50-day moving average of $43.18 and a two-hundred day moving average of $54.86. The stock has a market cap of $6.61 billion, a P/E ratio of 31.85 and a beta of 1.15. Gildan Activewear has a one year low of $31.33 and a one year high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, November 5th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.03). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Gildan Activewear had a return on equity of 21.76% and a net margin of 3.77%. As a group, research analysts predict that Gildan Activewear will post 4.37 EPS for the current year.

Hedge Funds Weigh In On Gildan Activewear

Several institutional investors and hedge funds have recently modified their holdings of GIL. Ieq Capital LLC raised its stake in shares of Gildan Activewear by 882.8% during the 3rd quarter. Ieq Capital LLC now owns 66,401 shares of the textile maker’s stock worth $2,831,000 after buying an additional 59,645 shares during the period. Public Sector Pension Investment Board raised its position in Gildan Activewear by 101.8% during the third quarter. Public Sector Pension Investment Board now owns 887,680 shares of the textile maker’s stock worth $37,234,000 after acquiring an additional 447,744 shares during the period. South Dakota Investment Council grew its position in shares of Gildan Activewear by 126.7% in the third quarter. South Dakota Investment Council now owns 22,561 shares of the textile maker’s stock valued at $962,000 after purchasing an additional 12,610 shares during the period. Cibc World Market Inc. increased its stake in shares of Gildan Activewear by 71.2% during the third quarter. Cibc World Market Inc. now owns 1,832,738 shares of the textile maker’s stock worth $78,099,000 after purchasing an additional 762,060 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its holdings in shares of Gildan Activewear by 8.6% during the third quarter. Bridges Investment Management Inc. now owns 57,605 shares of the textile maker’s stock valued at $2,456,000 after acquiring an additional 4,550 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Key Headlines Impacting Gildan Activewear

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

• Positive Sentiment: One investor alert says Gildan reported rising sales and reaffirmed its 2026 outlook, which could offer some support; however, the alert also highlights allegations that revenue was pulled forward. Article
• Negative Sentiment: The filed class action alleges Gildan misled investors during February 19, 2025–June 15, 2026, including through channel stuffing, distributor incentives, and revenue inflation. One notice cites roughly $500 million in pulled-forward revenue; these claims are allegations, not established findings. The lawsuit follows a reported 18%–18.7% stock drop. Article
• Negative Sentiment: Repeated law-firm notices may keep legal and reputational concerns in focus. Investors who bought during the stated class period have until December 14, 2026, to seek lead-plaintiff status. Article

Gildan Activewear Company Profile

Gildan Activewear Inc. is a Canadian apparel manufacturer headquartered in Montreal. Founded in 1984, the company produces and sells basic apparel, including T-shirts, fleece, underwear, socks and hosiery. Its brands include Gildan, American Apparel and Comfort Colors. The company serves wholesale distributors, screen printers, retailers and other customers, supplying products for both imprinting and everyday wear. Its vertically integrated operations span the manufacturing process, from yarn production and fabric-making to garment assembly and distribution.