Gildan Activewear (TSE:GIL) Stock Gets Downgrade from Canaccord Genuity Group

Gildan Activewear (TSE:GIL) (NYSE:GIL) was downgraded by equities researchers at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.

A number of other equities research analysts also recently weighed in on GIL. National Bank Financial decreased their price objective on Gildan Activewear from C$107.00 to C$98.00 and set an “outperform” rating on the stock in a report on Monday, October 19th. Desjardins lowered their price objective on Gildan Activewear from C$108.00 to C$90.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Scotia dropped their target price on Gildan Activewear from C$67.00 to C$53.00 and set a “sector outperform” rating for the company in a report on Tuesday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gildan Activewear has a consensus rating of “Moderate Buy” and an average price target of C$80.25.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock traded down C$0.04 during trading on Thursday, hitting C$49.00. 1,945,268 shares of the company’s stock traded hands, compared to its average volume of 665,777. The company has a debt-to-equity ratio of 145.29, a current ratio of 1.93 and a quick ratio of 0.87. The firm’s fifty day moving average price is C$61.54 and its 200 day moving average price is C$76.50. Gildan Activewear has a twelve month low of C$43.69 and a twelve month high of C$100.44. The company has a market cap of C$9.07 billion, a PE ratio of 96.08, a PEG ratio of 4.55 and a beta of 1.77.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Thursday, November 5th. The company reported C$2.18 earnings per share for the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. The business had revenue of C$2.08 billion for the quarter. Analysts forecast that Gildan Activewear will post 4.55 earnings per share for the current year.

Insider Activity at Gildan Activewear

In other news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total value of C$607,440.00. Following the sale, the insider owned 2,243 shares of the company’s stock, valued at approximately C$170,310.99. This represents a 78.10% decrease in their position. Corporate insiders own 2.26% of the company’s stock.

Gildan Activewear News Summary

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

• Positive Sentiment: Gildan authorized a share buyback plan, which could provide some support for the stock, although the reports do not specify its size. Gildan Activewear Inc. authorizes a Buyback Plan
• Negative Sentiment: Management cut its 2026 outlook amid a rapid change in market conditions and withdrew its 2026–2028 objectives. It now expects 2026 revenue of $5.4 billion–$5.5 billion and free cash flow of $700 million–$750 million. The lower outlook and reduced visibility are significant headwinds. Gildan 2026 outlook
• Negative Sentiment: Third-quarter pro forma sales fell 8.7% and missed expectations. Adjusted earnings rose 54% year over year but also came in below forecasts, suggesting that stronger earnings growth did not offset weakness in demand. Third-quarter results
• Negative Sentiment: UBS said business headwinds could persist through 2027, while TD Cowen lowered its price target to $49. These updates reinforce concern that recovery may take time. UBS outlook TD Cowen price target
• Negative Sentiment: Investor law firms publicized a securities class action and a December 14 lead-plaintiff deadline, adding litigation-related uncertainty. These notices are not findings of wrongdoing. Class action notice

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion which is under an exclusive licensing agreement for the printwear channel in the U.S.