Gildan Activewear (NYSE:GIL) Stock Gets Downgrade from UBS Group

Gildan Activewear (NYSE:GIL) (TSE:GIL) was downgraded by UBS Group from a “strong-buy” rating to a “hold” rating in a report released on Friday, Zacks reports.

A number of other brokerages have also recently issued reports on GIL. Scotiabank cut shares of Gildan Activewear from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $53.00 to $39.00 in a research note on Friday. TD Securities lowered their price objective on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Stifel Nicolaus set a $83.00 price objective on shares of Gildan Activewear and gave the stock a “buy” rating in a research note on Friday, July 31st. William Blair set a $49.00 price target on shares of Gildan Activewear in a research note on Friday. Finally, Citigroup reissued a “neutral” rating on shares of Gildan Activewear in a research report on Tuesday, August 4th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.42.

Gildan Activewear Trading Down 1.0%

Shares of GIL stock opened at $34.66 on Friday. Gildan Activewear has a 12-month low of $31.33 and a 12-month high of $73.69. The business has a 50-day moving average price of $43.84 and a two-hundred day moving average price of $55.17. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. The firm has a market cap of $6.42 billion, a P/E ratio of 30.95 and a beta of 1.15.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, November 5th. The textile maker reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%. Equities analysts anticipate that Gildan Activewear will post 4.63 EPS for the current fiscal year.

Institutional Trading of Gildan Activewear

A number of hedge funds and other institutional investors have recently modified their holdings of GIL. Caisse de depot et placement du Quebec bought a new stake in shares of Gildan Activewear during the second quarter valued at approximately $601,931,000. Janus Henderson Group PLC lifted its position in Gildan Activewear by 0.9% during the first quarter. Janus Henderson Group PLC now owns 10,593,203 shares of the textile maker’s stock valued at $589,508,000 after buying an additional 98,134 shares during the period. Jupiter Topco LLC bought a new position in shares of Gildan Activewear in the second quarter worth about $573,363,000. Royal Bank of Canada lifted its stake in Gildan Activewear by 20.9% in the first quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker’s stock worth $384,629,000 after purchasing an additional 1,193,718 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Gildan Activewear by 15.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,706,078 shares of the textile maker’s stock valued at $373,122,000 after purchasing an additional 909,001 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear News Summary

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Gildan declared a quarterly dividend of $0.249 per share, payable December 21, representing an annualized dividend of about $1.00 and a yield of roughly 2.9%. Dividend announcement
• Positive Sentiment: Third-quarter sales from continuing operations rose 61.1% year over year to $1.47 billion, with a 27.0% adjusted operating margin. Third-quarter results
• Negative Sentiment: Several analysts cut ratings or price targets: Canaccord moved GIL from Buy to Hold and lowered its target to $41 from $62; Scotiabank downgraded it to Sector Perform and cut its target to $39 from $53; and RBC reduced its target to $50 from $70, while retaining Outperform. These reductions signal weaker expectations, despite the remaining upside implied by the targets. Canaccord rating Scotiabank rating RBC rating
• Negative Sentiment: Gildan reported third-quarter EPS of $1.54, below the $1.57 consensus; revenue also missed estimates according to Zacks. The earnings shortfall may reinforce concerns about near-term performance, despite substantial year-over-year sales growth. Earnings estimates report
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who acquired Gildan shares from February 19, 2025, through June 15, 2026. The complaint alleges material misstatements or omissions, including claims related to channel stuffing; these are allegations, not proven findings. The litigation adds uncertainty and comes amid reports of a sharp share-price decline. The lead-plaintiff deadline is December 14, 2026. Class action notice

Gildan Activewear Company Profile

Gildan Activewear Inc is a Montreal, Quebec-based apparel manufacturer that produces and sells everyday basic clothing for consumers and businesses. The company’s product portfolio includes activewear, T-shirts, fleece garments, underwear, socks and hosiery, as well as other apparel basics.

Gildan sells products primarily through wholesale distributors and screen printers, who supply decorated apparel to businesses, schools, teams, organizations and retailers. Its portfolio includes the Gildan, American Apparel, Comfort Colors, Gold Toe and Anvil brands.