Q1 Earnings Forecast for GIL Issued By Stifel Canada

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) – Equities research analysts at Stifel Canada issued their Q1 2025 earnings estimates for shares of Gildan Activewear in a research report issued to clients and investors on Wednesday, February 19th. Stifel Canada analyst M. Landry forecasts that the textile maker will earn $0.55 per share for the quarter. The consensus estimate for Gildan Activewear’s current full-year earnings is $3.48 per share.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 EPS 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 analyst estimates of $805.75 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS.

Other analysts also recently issued research reports about the stock. BMO Capital Markets increased their price objective on shares of Gildan Activewear from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Canaccord Genuity Group increased their price objective on shares of Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus increased their price objective on shares of Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, February 20th. TD Securities increased their price objective on shares of Gildan Activewear from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Canaccord Genuity Group increased their price target on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gildan Activewear has a consensus rating of “Buy” and an average price target of $60.00.

Gildan Activewear Stock Up 0.6 %

GIL stock opened at $54.46 on Monday. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.76 and a beta of 1.41. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. Gildan Activewear has a 12 month low of $32.23 and a 12 month high of $55.39. The firm has a 50-day moving average of $49.68 and a two-hundred day moving average of $47.83.

Institutional Trading of Gildan Activewear

Hedge funds have recently made changes to their positions in the company. Polar Asset Management Partners Inc. boosted its position in shares of Gildan Activewear by 55.6% during the 4th quarter. Polar Asset Management Partners Inc. now owns 26,450 shares of the textile maker’s stock worth $1,244,000 after purchasing an additional 9,450 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Gildan Activewear by 262.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 45,451 shares of the textile maker’s stock worth $2,138,000 after purchasing an additional 32,911 shares during the period. Vident Advisory LLC purchased a new position in shares of Gildan Activewear during the 4th quarter worth approximately $402,000. Virtus Investment Advisers Inc. purchased a new position in shares of Gildan Activewear during the 4th quarter worth approximately $173,000. Finally, Twinbeech Capital LP purchased a new position in shares of Gildan Activewear during the 4th quarter worth approximately $206,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th will be paid a $0.226 dividend. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 12th. This represents a $0.90 annualized dividend and a dividend yield of 1.66%. Gildan Activewear’s dividend payout ratio is 36.00%.

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.