FY2024 EPS Estimates for Gildan Activewear Inc. Raised by National Bank Financial (NYSE:GIL)

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) – Investment analysts at National Bank Financial raised their FY2024 earnings estimates for Gildan Activewear in a research note issued to investors on Monday, April 15th. National Bank Financial analyst V. Shreedhar now expects that the textile maker will post earnings per share of $2.99 for the year, up from their prior estimate of $2.98. The consensus estimate for Gildan Activewear’s current full-year earnings is $2.94 per share. National Bank Financial also issued estimates for Gildan Activewear’s Q1 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.97 EPS and FY2025 earnings at $3.28 EPS.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Wednesday, February 21st. The textile maker reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $782.70 million during the quarter, compared to analysts’ expectations of $753.35 million. Gildan Activewear had a net margin of 16.70% and a return on equity of 23.19%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share.

A number of other equities research analysts also recently issued reports on the stock. Citigroup increased their target price on shares of Gildan Activewear from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Scotiabank increased their target price on shares of Gildan Activewear from $39.50 to $40.50 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th. Stifel Nicolaus increased their target price on shares of Gildan Activewear from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, February 22nd. UBS Group downgraded shares of Gildan Activewear from a “buy” rating to a “neutral” rating and cut their target price for the stock from $40.00 to $37.00 in a research report on Friday, January 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $41.00 price target on shares of Gildan Activewear in a report on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Gildan Activewear Stock Down 0.2 %

Shares of NYSE:GIL opened at $35.13 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 2.33. The company has a market cap of $5.92 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.36 and a beta of 1.38. Gildan Activewear has a 52 week low of $26.98 and a 52 week high of $38.87. The firm has a 50 day simple moving average of $35.46 and a 200 day simple moving average of $33.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GIL. Byrne Asset Management LLC acquired a new stake in Gildan Activewear during the 3rd quarter worth approximately $34,000. CWM LLC raised its holdings in Gildan Activewear by 86.5% during the 4th quarter. CWM LLC now owns 1,074 shares of the textile maker’s stock worth $35,000 after buying an additional 498 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Gildan Activewear by 120.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,646 shares of the textile maker’s stock worth $46,000 after buying an additional 900 shares during the period. Tower Research Capital LLC TRC raised its holdings in Gildan Activewear by 529.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the textile maker’s stock worth $73,000 after buying an additional 1,863 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in Gildan Activewear during the 1st quarter worth approximately $84,000. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Wednesday, March 13th were paid a dividend of $0.205 per share. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, March 12th. This represents a $0.82 annualized dividend and a yield of 2.33%. Gildan Activewear’s dividend payout ratio (DPR) is presently 27.06%.

Gildan Activewear Company Profile

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.