Q1 Earnings Forecast for GIL Issued By Desjardins

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) – Stock analysts at Desjardins issued their Q1 2025 earnings per share (EPS) estimates for shares of Gildan Activewear in a research note issued to investors on Thursday, February 20th. Desjardins analyst C. Li expects that the textile maker will post earnings per share of $0.58 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 posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.30). The firm had revenue of $822.00 million during the quarter, compared to the consensus estimate of $805.75 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 27.49%. Gildan Activewear’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS.

GIL has been the topic of a number of other research reports. Stifel Nicolaus increased their price target on Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday. CIBC increased their target price on Gildan Activewear from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday. Canaccord Genuity Group raised their target price on Gildan Activewear from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup upped their price target on Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Canaccord Genuity Group increased their price target on shares of Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Gildan Activewear currently has an average rating of “Buy” and a consensus price target of $60.00.

Gildan Activewear Trading Up 2.2 %

Shares of NYSE GIL opened at $55.09 on Friday. The company’s 50 day simple moving average is $49.47 and its 200 day simple moving average is $47.54. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. Gildan Activewear has a fifty-two week low of $32.23 and a fifty-two week high of $55.12. The firm has a market capitalization of $8.38 billion, a P/E ratio of 22.04, a P/E/G ratio of 1.74 and a beta of 1.41.

Hedge Funds Weigh In On Gildan Activewear

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in Gildan Activewear in the 4th quarter valued at $97,275,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Gildan Activewear by 604.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,850,971 shares of the textile maker’s stock valued at $86,999,000 after purchasing an additional 1,588,071 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Gildan Activewear by 276.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,769,634 shares of the textile maker’s stock worth $83,394,000 after buying an additional 1,300,121 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Gildan Activewear by 545.1% during the fourth quarter. CIBC Asset Management Inc now owns 1,210,314 shares of the textile maker’s stock worth $57,403,000 after buying an additional 1,022,695 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Gildan Activewear by 776.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 817,204 shares of the textile maker’s stock valued at $38,414,000 after buying an additional 723,962 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.15. Gildan Activewear’s payout ratio 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.