BMO Capital Cuts Gildan Activewear (GIL) Price Target to $64

By TradeTexts Research Desk Oct 26, 2026, 2:15 PM EDT

Key Points

BMO Capital reduced its price target for Gildan Activewear from $82 to $64, keeping an Outperform rating.
As of October 26, 2026, Gildan shares traded at $40.39, which is about equal to the closing price of $40.36 on the same day.
The current mean price target for Gildan is $73.00, indicating a potential upside from the recent trading levels.

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On October 26, 2026, BMO Capital lowered its price target on Gildan Activewear Inc. from $82 to $64 while maintaining an Outperform rating. This change comes as part of a broader reassessment of the company's prospects.

BMO Capital's adjustment reflects its ongoing analysis of Gildan's performance and market conditions. The current target of $64 suggests the firm sees potential for growth, even though it is a significant drop from the previous target. The stock closed at $40.36 on the same day, and the recent trading price was around $40.39, nearly equal to the closing price.

GIL Gildan Activewear Inc.

$40.36 -35.01% year to date

Daily close · Oct 26, 2026

Analyst rating track record

BMO Capital vs. the S&P 500

YTD return +1.87% hypothetical

All-time return +1.87% S&P 500 +0.50%

vs. S&P 500 +1.37% ahead of the index

Hypothetical returns from BMO Capital's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Gildan Activewear

Several institutional investors have been active in Gildan's stock recently. Caisse De Depot Et Placement Du Quebec grew its holdings by 1,238,302 shares, bringing its total to 11,679,294 shares worth about $471.4 million. Jupiter Topco LLC also increased its stake significantly, adding 5,555,847 shares for a total of 11,111,694 shares valued at approximately $448.5 million. Meanwhile, Royal Bank of Canada slightly reduced its position by 81,555 shares, ending with 6,829,868 shares worth about $275.7 million.

Gildan Activewear Inc. Stock Down 1.6%

Gildan's shares are currently trading at $40.39, which is about 44.7% below the mean price target of $73.00 from analysts. The stock is also trading below its 50-day moving average by about 14.1% and its 200-day moving average by approximately 28.3%. This indicates that the stock has struggled to maintain upward momentum in recent months.

12-month forecast

$GIL price target

Gildan Activewear Inc. daily closes and this analyst's $64 target. Not advice.

Recent Earnings

Gildan reported trailing twelve-month revenue of approximately $4.74 billion and an earnings per share (EPS) of $1.31. The company has shown strong revenue growth at 72.3% year-over-year. Gildan is set to announce its next earnings on November 5, 2026, which could provide further insights into its financial health.

Dividend

Gildan Activewear pays an annual dividend rate of $1.00 per share, resulting in a yield of 2.46%. The company has a dividend payout ratio of 72.5%, indicating a commitment to returning value to shareholders.

Analysts Set New Price Targets

On October 26, 2026, BMO Capital maintained its Outperform rating on Gildan with a new price target of $64. Earlier, RBC Capital also maintained its Outperform rating with a target of $70 on October 20, 2026. The consensus from eight analysts currently recommends a Buy with a mean price target of $73.00.

About Gildan Activewear

Gildan Activewear Inc. is a Montreal-based company that manufactures and sells a wide range of apparel products. Its offerings include T-shirts, fleece tops, and various activewear items under numerous brands. The company's recent price target adjustment reflects the changing dynamics in the apparel market and its ongoing efforts to adapt.

Bottom Line

Investors will be looking closely at Gildan's upcoming earnings report on November 5, 2026, for more insights into its performance. With BMO Capital's recent price target reduction, market watchers will also keep an eye on how Gildan's stock responds in the coming weeks.