Desjardins Lowers Earnings Estimates for Gildan Activewear

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – Research analysts at Desjardins cut their FY2025 EPS estimates for shares of Gildan Activewear in a note issued to investors on Wednesday, April 30th. Desjardins analyst C. Li now anticipates that the company will post earnings of $4.70 per share for the year, down from their prior forecast of $4.97. Desjardins has a “Buy” rating and a $80.00 price objective on the stock. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.55 per share.

Several other research analysts also recently commented on the company. National Bankshares lowered their target price on Gildan Activewear from C$83.00 to C$72.00 in a research note on Monday, April 21st. Barclays upgraded shares of Gildan Activewear to a “strong-buy” rating in a report on Monday, April 28th. Finally, UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Four investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$64.00.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at C$65.45 on Monday. Gildan Activewear has a 1-year low of C$44.26 and a 1-year high of C$79.11. The company has a 50 day moving average of C$63.71 and a 200-day moving average of C$67.78. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The company has a market cap of C$7.11 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.01. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. During the same quarter in the prior year, the company earned $0.75 EPS.

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, May 20th. Gildan Activewear’s payout ratio is presently 29.76%.

Insider Buying and Selling at Gildan Activewear

In other news, Senior Officer Rhodri Harries sold 100,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of C$78.08, for a total transaction of C$7,808,000.00. Also, Senior Officer John Maness sold 1,661 shares of Gildan Activewear stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$68.77, for a total transaction of C$114,234.28. In the last quarter, insiders have sold 110,144 shares of company stock worth $8,568,586. Insiders own 2.26% of the company’s stock.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.