TD Securities cuts target for Gildan Activewear stock to USD 54

Published on 10/02/2026 at 12:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 72.30 percent to USD 1.58 billion. Gildan Activewear stock trades EUR 37.50 on October 2, 2026, plus 0.81 percent versus EUR 37.20.

GIL, CA3759161035, Illustration mit AI erstellt.

Gildan Activewear (CA3759161035) stock was trading at EUR 37.50 at Lang & Schwarz on October 2, 2026, at 12:39 p.m. CEST, up 0.81 percent versus the prior close of EUR 37.20. The key catalyst is Markets Insider reporting on September 24, 2026 that TD Securities cut its target from USD 80.00 to USD 54.00 while retaining a Buy rating.

Target cut highlights demand risk

TD Securities cited softer demand across activewear and retail channels as bond yields and gas prices increased, according to Markets Insider on September 24, 2026. The lower target is a concrete counterweight to the companys recent earnings growth and shows that analysts are separating near-term demand from longer-term profit potential.

That caution followed Gildans second-quarter 2026 report. Yahoo Finance reported on September 24, 2026 that net sales from continuing operations reached USD 1.58 billion, up 72.30 percent year over year. Adjusted diluted earnings per share came in at USD 1.28 versus USD 1.11 consensus, while adjusted operating margin was 22.30 percent.

Growth comes with a mixed outlook

The same report said Gildan generated USD 347.00 million in operating cash flow and USD 326.00 million in free cash flow in the second quarter of 2026. For fiscal year 2026, management expects revenue at the low end of its previous USD 6.00 billion to USD 6.20 billion range, adjusted diluted earnings per share of USD 4.65 to USD 4.75, and free cash flow of USD 1.00 billion.

The combination matters because the second-quarter revenue comparison is powerful, but the current-year outlook remains range-bound. A USD 220.00 million IEEPA tariff refund expected in 2026 also includes a largely non-recurring element, which limits how much of the earnings benefit can be treated as a recurring operating improvement.

Stock remains near its yearly low

On the NYSE, Gildan Activewear was last at USD 41.92 on October 1, 2026, at 4:00 p.m. ET. Its USD 39.93 to USD 73.70 52-week range and USD 6.4 billion market capitalization on that date put the current US listing near the lower end of its annual range, while the German reference price was EUR 37.50 in trading at Lang & Schwarz on October 2, 2026 at 12:39 p.m. CEST, plus 0.81 percent versus EUR 37.20.