Gildan Activewear: Scotiabank maintains Sector Outperform, PT raised to $59 from $55.

Gildan Activewear: Scotiabank maintains Sector Outperform, PT raised to $59 from $55.

Scotiabank has revised its price target for Gildan Activewear (NYSE: GIL), increasing it from $55 to $59, while maintaining an Outperform rating [3]. The bank's assessment reflects a positive outlook on the company's ability to navigate current market conditions and maintain its market position.

Gildan Activewear, Inc. manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. The company has received a consensus recommendation of "Buy" from analysts, with a target price of $57.91 among brokerages covering the stock [1]. The company also announced a quarterly dividend of $0.226 per share, resulting in an annualized yield of 1.73%.

Scotiabank's analyst John Zamparo highlighted Gildan's robust business model, which benefits from high margins, strong return on invested capital, and free cash flow conversion. Despite challenging industry conditions, Zamparo pointed out that Gildan's low-cost structure and advantageous supply chain could help the company gain market share [3].

Barclays has also raised its price target on Gildan Activewear to $56.00 from $51.00 while maintaining an Overweight rating on the stock [2]. The investment bank noted that Gildan has demonstrated an ability to navigate the current uncertain environment effectively.

These recent developments reflect Gildan's strategic positioning amidst a competitive market landscape. The company's latest earnings results showed earnings per share of $0.59, exceeding market expectations, and revenue of $711.70 million for the quarter [1].

Gildan Activewear's stock has seen a 29% return over the past year, currently trading near its 52-week high of $55.39 [2]. The company's market capitalization is approximately $7.72 billion, with a PE ratio of 19.87 and a debt-to-equity ratio of 1.35 [1].

Institutional investors and hedge funds hold 82.83% of the stock, indicating strong interest in the company's prospects [1]. Gildan's recent annual meeting demonstrated strong support for the board and management, with the lowest vote for a director nominee being 88.63% [2].

References:
[1] https://www.marketbeat.com/instant-alerts/gildan-activewear-inc-nysegil-receives-average-recommendation-of-buy-from-analysts-2025-07-28/
[2] https://www.investing.com/news/analyst-ratings/barclays-raises-gildan-activewear-stock-price-target-to-56-on-strong-q2-93CH-4164118
[3] https://www.gurufocus.com/news/3027636/scotiabank-boosts-target-price-for-gildan-activewear-gil