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Investing.com - Barclays (LON:BARC) has raised its price target on Gildan Activewear (NYSE:GIL) to $56.00 from $51.00 while maintaining an Overweight rating on the stock. Currently trading at $50.80, near its 52-week high of $55.39, the $7.7 billion market cap company has delivered a solid 29% return over the past year. According to InvestingPro analysis, the stock appears fairly valued at current levels.
The price target adjustment follows Gildan’s second-quarter 2025 results, which slightly exceeded market expectations according to the investment bank.
Gildan has narrowed its full-year guidance, which explicitly accounts for tariffs, providing Barclays with increased confidence in its rating.
Barclays noted that the company has demonstrated an ability to navigate the current uncertain environment effectively.
The investment bank further expressed that Gildan appears positioned to potentially accelerate performance despite challenging market conditions.
In other recent news, Gildan Activewear has announced the election of all eight director nominees during its annual meeting. Shareholders also approved a non-binding advisory vote on executive compensation and reappointed the company’s auditors. The meeting, held in a hybrid format in Montréal, demonstrated strong support for the board and management, with the lowest vote for a director nominee being 88.63%. Additionally, the resolution to reappoint auditors received 88.79% approval, and the advisory vote on executive compensation was favored by 83% of the votes.
In another development, Scotiabank (TSX:BNS) analyst John Zamparo has reinstated coverage on Gildan Activewear with a Sector Outperform rating, setting a price target of $55.00. 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 this year, the analyst pointed out Gildan’s low-cost structure and advantageous supply chain, which could help the company gain market share. These recent developments reflect Gildan’s strategic positioning amidst a competitive market landscape.
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