Scotiabank Rates Gildan Activewear (GIL) buy, $65 Price Target

Scotiabank maintains its buy rating for Gildan Activewear with a $65 target, a 23.20% upside from the current price.

By TradeTexts Research Desk · Published Jun 17, 2026, 12:02 PM EDT · Updated Jun 24, 2026, 7:02 AM EDT

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Scotiabank rated Gildan Activewear Inc. ($GIL) "buy" with a $65 price target on June 17, 2026.

Since the rating, $GIL is up 1.8% after 1 week, up 1.8% after 1 month and down 22.6% to date (from the $52.90 close on Jun 17, 2026).

GIL Gildan Activewear Inc.

$40.94 -34.07% year to date

Daily close · Oct 16, 2026

Key Points

Scotiabank reiterated its buy rating on Gildan Activewear with a price target of $65, as of June 17, 2026.
Scotiabank's $65 price target implies 23.20% upside from Gildan Activewear Inc.'s ($GIL) current $52.76 share price.
Shares of NYSE:GIL traded at approximately $50.34, with a market cap of $9.32 billion and a P/E ratio of 29.44.
Other institutional investors like Janus Henderson and Royal Bank of Canada have adjusted their positions in Gildan.

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On June 17, 2026, Scotiabank reiterated its buy rating on Gildan Activewear Inc. (NYSE:GIL), setting a price target of $65. Analyst John Zamparo reaffirmed this stance, indicating confidence in the company's prospects.

Other Institutional Activity in Gildan Activewear

Several institutional investors have been active in Gildan Activewear. Janus Henderson Group PLC increased its holdings by 98,134 shares, bringing its total to 10,593,203 shares, valued at approximately $589.5 million. Caisse de Depot et Placement du Quebec made a significant addition of 4,201,280 shares, resulting in a total of 10,441,294 shares worth about $579.6 million. The Royal Bank of Canada also grew its stake by 1,193,718 shares, holding 6,911,589 shares valued at $384.6 million. Meanwhile, Mackenzie Financial Corp reduced its position by 276,685 shares, leaving it with 6,583,423 shares valued at $366.6 million.

Gildan Activewear Inc. Stock Up 12.6%

Shares of NYSE:GIL recently traded around $50.34. Gildan Activewear has a market capitalization of $9.32 billion, with a P/E ratio of 29.44 and a forward P/E of 9.36. The stock's 52-week range spans from $46.00 to $73.70. It has a 50-day moving average of $58.41 and a 200-day moving average of $60.27. The company's current ratio is 2.35, with a quick ratio of 0.64 and a debt-to-equity ratio of 149.31.

12-month forecast

$GIL price target

Gildan Activewear Inc. daily closes and this analyst's $65 target. Not advice.

Recent Earnings

Gildan Activewear reported revenue of approximately $4.07 billion, with a revenue growth rate of 0.64%. The company achieved a net margin of 6.1% and a return on equity (ROE) of 10.56%. The next earnings report is expected on July 30, 2026.

Dividend

Gildan Activewear pays an annual dividend rate of $1.00, yielding 1.98%. The dividend payout ratio is 54.21%.

Insider Buying and Selling at Gildan Activewear Inc.

Recent insider transactions include Michael Schroeder selling 1,322 shares at an average price of $57.68 on December 9, 2025. John Maness sold 1,189 shares at $79.86 on December 3, 2025. Benedetto Masi sold 15,000 shares at $54.92 on August 28, 2025.

Analysts Set New Price Targets

On June 17, 2026, Scotiabank maintained its buy rating for Gildan Activewear with a price target of $65. Overall, the consensus among nine analysts is a buy rating, with an average price target of $83.22.

About Gildan Activewear

Gildan Activewear Inc., headquartered in Montreal, Canada, is a leading manufacturer of apparel products, including T-shirts, fleece tops, sports shirts, and hosiery. The company operates under various brands like Gildan, Hanes, and American Apparel. It serves wholesale distributors, retailers, and lifestyle brands across North America, Europe, and other regions. Founded in 1946, Gildan employs around 75,000 people and is led by CEO Glenn J. Chamandy.

Bottom Line

Scotiabank's reiterated buy rating for Gildan Activewear reflects ongoing confidence in the company's performance. Investors watch these ratings closely to gauge sentiment, but it's important to remember that analyst ratings are opinions, not guarantees. The stock's recent performance and institutional activity suggest a dynamic investment landscape.