Gildan Activewear Inc. (NYSE:GIL) is one of the 13 Most Profitable Growth Stocks to Buy Right Now. According to a report released on February 27, Stifel Nicolaus analyst Martin Landry reiterated a Buy rating on Gildan Activewear Inc. with a price target of $80.
In addition to Stifel Nicolaus, TD Cowen Securities also kept its Buy rating on Gildan Activewear Inc. on February 27. The firm raised its price target on the stock from $77 to $80. It revised its price target after updating its model based on the company’s fourth-quarter earnings.
Gildan Activewear Inc. posted its fourth quarter results on February 26. The company reported Non-GAAP EPS of $0.96, slightly above estimates by $0.01. Revenue for the quarter came in at $1.08 billion, reflecting a 31.4% year-over-year increase and beating consensus estimates by $20 million. Operating cash flows rose 59.8%, marking a 20.9% increase from the last year. While free cash flows jumped 46.4% year-over-year.
During the quarter, the company returned $33 million to shareholders through dividends and share repurchases. Additionally, it announced a 10% dividend increase for 2026.
Gildan Activewear Inc. operates as a manufacturer and seller of a range of apparel products. It offers several activewear products, such as sports shirts, tank tops, T-shirts, polos, and fleece tops and bottoms. The company was incorporated in 1946 and is based in Montreal, Canada.
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