Gildan Activewear Inc Hits 20-Day Low Amid Hanesbrands Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 28 Nov 25
Source: SeekingAlpha
Gildan Activewear Inc's stock dropped by 3.85%, hitting a 20-day low. This decline comes as the company is set to acquire Hanesbrands, which may have raised concerns among investors regarding the integration and future performance of the combined entity.
The acquisition plan has been approved by shareholders, with Gildan's shares expected to increase significantly as part of the deal. This move reflects Gildan's strategy to expand its market presence but may also lead to short-term volatility as the market digests the implications of the merger.
Investors are closely monitoring the situation, as the acquisition could reshape Gildan's operational landscape and competitive positioning in the apparel industry.
Analyst Views on GIL
Wall Street analysts forecast GIL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GIL is 72.87 USD with a low forecast of 63.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 65.730
Low
63.00
Averages
72.87
High
110.00
Current: 65.730
Low
63.00
Averages
72.87
High
110.00
About GIL
Gildan Activewear Inc. is a manufacturer of everyday basic apparel. Its product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters, or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion which is under an exclusive licensing agreement for the printwear channel in the United States and Canada. It owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
