Scotiabank Boosts Earnings Estimates for Gildan Activewear

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – Stock analysts at Scotiabank boosted their FY2026 earnings estimates for shares of Gildan Activewear in a report released on Tuesday, August 4th. Scotiabank analyst J. Zamparo now forecasts that the company will post earnings of $6.52 per share for the year, up from their previous forecast of $5.72. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.55 per share. Scotiabank also issued estimates for Gildan Activewear’s FY2027 earnings at $7.84 EPS.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share (EPS) for the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. The company had revenue of C$1.13 billion for the quarter.

Several other research firms have also issued reports on GIL. Desjardins set a C$108.00 price objective on Gildan Activewear and gave the company a “buy” rating in a research note on Tuesday, July 28th. National Bank Financial lifted their target price on Gildan Activewear from C$105.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$89.50.

Gildan Activewear Trading Up 0.2%

Gildan Activewear stock opened at C$81.60 on Friday. Gildan Activewear has a 52 week low of C$63.41 and a 52 week high of C$100.44. The company has a debt-to-equity ratio of 145.29, a quick ratio of 0.87 and a current ratio of 1.93. The stock has a market capitalization of C$15.11 billion, a P/E ratio of 160.00, a PEG ratio of 4.55 and a beta of 1.51. The stock has a 50-day simple moving average of C$76.21 and a 200 day simple moving average of C$81.93.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 14th will be given a $0.249 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. Gildan Activewear’s dividend payout ratio is presently 186.27%.

Insider Activity

In related news, Director Deepak Kumar Khandelwal bought 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of C$79.80 per share, for a total transaction of C$399,000.00. Following the purchase, the director owned 5,000 shares in the company, valued at C$399,000. This represents a ∞ increase in their position. Corporate insiders own 2.26% of the company’s stock.

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.