Gildan Activewear (NYSE:GIL) Trading Down 12.1% – Time to Sell?

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL)’s stock price dropped 12.1% on Tuesday . The stock traded as low as $56.91 and last traded at $54.4840. Approximately 970,225 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 1,231,022 shares. The stock had previously closed at $61.97.

Wall Street Analysts Forecast Growth

GIL has been the topic of several research reports. Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. UBS Group reissued a “buy” rating on shares of Gildan Activewear in a research note on Wednesday, June 3rd. TD Securities reissued a “buy” rating on shares of Gildan Activewear in a research note on Tuesday. Finally, Stifel Nicolaus raised their price target on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.77.

Gildan Activewear Trading Down 22.4%

The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 27.75 and a beta of 1.08. The company’s 50-day moving average is $58.36 and its 200-day moving average is $61.58. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $0.59 earnings per share. Gildan Activewear’s revenue was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Research analysts anticipate that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.249 per share. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Gildan Activewear’s dividend payout ratio (DPR) is currently 58.82%.

Institutional Investors Weigh In On Gildan Activewear

A number of institutional investors have recently made changes to their positions in GIL. Washburn Capital Management Inc. boosted its stake in shares of Gildan Activewear by 3.8% in the fourth quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock valued at $266,000 after purchasing an additional 157 shares during the period. Integrated Advisors Network LLC boosted its stake in shares of Gildan Activewear by 3.0% in the third quarter. Integrated Advisors Network LLC now owns 6,365 shares of the textile maker’s stock valued at $368,000 after purchasing an additional 185 shares during the period. Fifth Third Bancorp boosted its stake in shares of Gildan Activewear by 16.5% in the first quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock valued at $75,000 after purchasing an additional 192 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Gildan Activewear by 2.2% in the fourth quarter. Arkadios Wealth Advisors now owns 8,787 shares of the textile maker’s stock valued at $549,000 after purchasing an additional 193 shares during the period. Finally, Tacita Capital Inc boosted its stake in shares of Gildan Activewear by 1.9% in the fourth quarter. Tacita Capital Inc now owns 11,250 shares of the textile maker’s stock valued at $704,000 after purchasing an additional 211 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

About Gildan Activewear

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.