Gildan Activewear (NYSE:GIL) Releases FY 2026 Earnings Guidance

Gildan Activewear (NYSE:GIL) (TSE:GIL) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 4.200-4.400 for the period, compared to the consensus estimate of 4.290. The company issued revenue guidance of $6.0 billion-$6.2 billion, compared to the consensus revenue estimate of $6.1 billion.

Gildan Activewear Stock Up 0.1%

Shares of GIL opened at $51.92 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. Gildan Activewear has a 12 month low of $46.00 and a 12 month high of $73.69. The stock’s 50 day moving average is $58.09 and its two-hundred day moving average is $61.40. The firm has a market cap of $9.61 billion, a P/E ratio of 30.54 and a beta of 1.08.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.59 EPS. The business’s revenue was up 63.8% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts predict that Gildan Activewear will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. TD Securities reiterated a “buy” rating on shares of Gildan Activewear in a research report on Tuesday. Scotiabank reissued a “sector outperform” rating and set a $65.00 target price (down from $72.00) on shares of Gildan Activewear in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday. Stifel Nicolaus raised their price target on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a report on Wednesday, June 3rd. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Gildan Activewear presently has an average rating of “Moderate Buy” and a consensus price target of $78.21.

Institutional Investors Weigh In On Gildan Activewear

Several institutional investors and hedge funds have recently added to or reduced their stakes in GIL. AQR Capital Management LLC lifted its stake in shares of Gildan Activewear by 49.3% in the first quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock worth $584,000 after buying an additional 4,360 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Gildan Activewear by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after acquiring an additional 503,359 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Gildan Activewear by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock valued at $8,251,000 after acquiring an additional 4,714 shares in the last quarter. Cetera Investment Advisers raised its holdings in Gildan Activewear by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after acquiring an additional 259 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Gildan Activewear in the 2nd quarter valued at about $317,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Company Profile

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.