Research Analysts Issue Forecasts for GIL Q1 Earnings

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) – Desjardins issued their Q1 2025 EPS estimates for Gildan Activewear in a research report issued on Thursday, February 20th. Desjardins analyst C. Li anticipates that the textile maker will earn $0.58 per share for the quarter. The consensus estimate for Gildan Activewear’s current full-year earnings is $3.44 per share. Desjardins also issued estimates for Gildan Activewear’s Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $3.50 EPS and FY2026 earnings at $3.93 EPS.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30). The business had revenue of $822.00 million during the quarter, compared to analysts’ expectations of $805.75 million. Gildan Activewear had a return on equity of 27.49% and a net margin of 12.26%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share.

Several other research firms have also recently issued reports on GIL. Stifel Nicolaus upped their target price on shares of Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets upped their target price on shares of Gildan Activewear from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday. Canaccord Genuity Group upped their target price on shares of Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group upped their target price on shares of Gildan Activewear from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Canaccord Genuity Group upped their target price on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $60.00.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at $54.18 on Friday. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.74 and a beta of 1.41. The firm’s 50-day moving average is $49.47 and its 200 day moving average is $47.54. Gildan Activewear has a 1 year low of $32.23 and a 1 year high of $55.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98.

Institutional Trading of Gildan Activewear

Several institutional investors and hedge funds have recently made changes to their positions in GIL. Simcoe Capital Management LLC raised its holdings in shares of Gildan Activewear by 10.5% in the third quarter. Simcoe Capital Management LLC now owns 2,387,865 shares of the textile maker’s stock valued at $112,492,000 after acquiring an additional 226,695 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Gildan Activewear in the third quarter valued at about $544,000. Tacita Capital Inc raised its holdings in shares of Gildan Activewear by 1,025.5% in the third quarter. Tacita Capital Inc now owns 13,056 shares of the textile maker’s stock valued at $615,000 after acquiring an additional 11,896 shares in the last quarter. Meritage Portfolio Management bought a new stake in shares of Gildan Activewear in the fourth quarter valued at about $462,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Gildan Activewear by 545.1% in the fourth quarter. CIBC Asset Management Inc now owns 1,210,314 shares of the textile maker’s stock valued at $57,403,000 after acquiring an additional 1,022,695 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.67%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 12th. Gildan Activewear’s dividend payout ratio (DPR) is 32.80%.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.