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Gildan Activewear Inc.

GIL · NYSE

Market closed$54.08$0.500000 (+0.93%)After hours $54.02 · -0.11%

Key statistics

Previous close$53.58
Open$54.20
Day high$54.99
Day low$53.27
52-week high$73.70
52-week low$46.00
Market cap8.27B
Volume1.59M
Average volume1.49M
P/E ratio16.10
Forward P/E—
EPS3.36
Dividend yield+1.76%

Market context

Why it moved

GIL edged modestly higher as the stock attempted to stabilize following a sharp prior-session decline triggered by an activist forensic report challenging the company's business practices and potentially improper revenue recognition, with multiple securities fraud investigations still ongoing.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Gildan Activewear closed modestly higher, recovering ground following a turbulent stretch after a June 16 short-seller report from Jehoshaphat Research alleged channel stuffing that sent shares plunging nearly 19%. With Q2 2026 earnings now scheduled for July 30, investors are weighing the fraud investigation by securities law firm BFA Law against underlying fundamental strength — Q1 beat estimates by $0.07 EPS on 64% revenue growth — and Morningstar's recent designation of GIL as a top Q3 consumer cyclicals pick. Principal Financial Group's 181% stake increase and continued "Moderate Buy" consensus with a $78.21 price target reflect institutional confidence despite the overhang.

0.9332

July 17, 2026Gildan Activewear shares rose sharply, recovering further from its June 16 plunge triggered by Jehoshaphat Research's channel stuffing allegations, which sent the stock down nearly 19% in a single session. Despite the ongoing securities fraud investigation by BFA Law, investor sentiment got a lift from Morningstar naming Gildan a top Q3 consumer cyclical pick, institutional buying (Teachers Retirement System of Kentucky disclosed a new position), and the company scheduling its Q2 2026 earnings release for July 30 — a potential catalyst as investors look for the company to address the revenue integrity concerns head-on.

2.1544

July 16, 2026Gildan Activewear rose nearly 2% in regular trading and extended gains in after-hours, with shares touching $53.47, as the company announced its Q2 2026 earnings date of July 30 — a closely watched event given the securities fraud investigation hanging over the stock. Law firm BFA is probing allegations from a June 16 short-seller report by Jehoshaphat Research that accused Gildan of channel stuffing, which triggered an 18.75% single-day collapse last month. Despite the overhang, the analyst consensus remains "Moderate Buy" with a median price target near $78, and Morningstar recently highlighted Gildan as a top pick in the undervalued apparel subsector.

1.8051

July 14, 2026Gildan Activewear closed little changed after shares have struggled to recover from a massive June 16 selloff — when a short-seller report from Jehoshaphat Research alleging channel stuffing sent the stock tumbling nearly 19%. Securities fraud investigations by multiple law firms remain active, keeping investor sentiment cautious. Adding a contrarian note, Morningstar highlighted Gildan as a top Q3 consumer cyclicals pick, citing the apparel subsector as particularly attractive at current valuations.

-0.3096

July 14, 2026Gildan Activewear closed down 1.56% as investor sentiment remains cautious following the June 16 short-seller report from Jehoshaphat Research, which alleged channel stuffing and caused an 18.75% single-day plunge. Multiple securities law firms, including Bleichmar Fonti & Auld and Hagens Berman, have since launched fraud investigations, keeping the stock under pressure ahead of Q2 earnings expected July 30. Despite the cloud of allegations, Morningstar highlighted Gildan among its top Q3 consumer cyclical picks, analysts maintain a consensus 'Moderate Buy' with a $78.21 price target, and institutional buyers including Vanguard and Norges Bank have added to positions.

-1.5619

July 11, 2026Gildan Activewear rose nearly 3.2% as investors weighed the ongoing fallout from channel stuffing allegations that triggered an 18.75% plunge on June 16, with securities fraud investigations launched by law firm BFA Law still active. A Morningstar analyst expressed confidence in the stock's long-term value, noting that the probe is primarily stock-price driven and that clarity should come when Gildan reports its upcoming quarterly results; the analyst also highlighted the transformative Hanesbrands acquisition from late 2025, which roughly doubled the company's size, as the key near-term catalyst. Consensus analyst sentiment remains constructive with 13 Buy ratings and an average price target of $78.21—well above current levels—though shares remain significantly below their 52-week high of $73.69.

3.1637

July 10, 2026Gildan Activewear closed essentially flat, still hovering near the lows triggered by a June 16 short-seller report alleging channel stuffing that sent the stock plunging nearly 19%. Securities fraud investigations have since been announced, while Morningstar's David Swartz noted the more significant story is Gildan's integration of its late-2025 Hanesbrands acquisition, which roughly doubled the company's size. Despite the controversy, analyst consensus remains Moderate Buy with a $78.21 average price target, as the company had reported Q1 earnings and raised FY2026 guidance to $4.20–$4.40 EPS ahead of the allegations.

-0.0196

July 8, 2026Gildan Activewear declined amid a broader risk-off session triggered by Trump declaring Iran peace talks 'over,' sending oil surging 5%+ and weighing on consumer cyclicals. The selloff compounds ongoing pressure from a June 16 short-seller report by Jehoshaphat Research alleging channel stuffing, which sparked an 18.75% single-day plunge — and a now-active securities fraud investigation by BFA Law. A Morningstar analyst noted investors should await Gildan's upcoming earnings for clarity, while the consensus remains Moderate Buy with an average target of $78.21, well above current levels.

-2.1342

PR Newswire · July 16, 2026Gildan Activewear Inc. (GIL) Shares Tumble 18% Amid Activist Forensic Report Challenging Company's Business Practices And Potentially Improper Revenue Recognition -- HBSSStock Titan · July 15, 2026Gildan Schedules July 30 Call After Q2 Results ReleaseGlobeNewswire · July 15, 2026Gildan Activewear Announces Date for Second Quarter 2026 Financial ResultsStock Titan · June 16, 2026After short-seller report, Gildan says its 2026 guidance still stands
Mt Newswire · June 18, 2026Gildan Activewear Poised for Solid Q2 as Short-Seller Concerns Look Overstated, UBS Says
Benzinga · June 17, 2026Scotiabank Maintains Sector Outperform on Gildan Activewear, Lowers Price Target to $65
Mt Newswire · June 17, 2026RBC "Neutral" on Short Report on Gildan Activewear
Mt Newswire · June 17, 2026CIBC Maintains Outlook on Gildan Activewear Following Short Report, 18% Decline
Mt Newswire · June 16, 2026Gildan Activewear Used Channel Stuffing to Inflate Growth, Jehoshaphat Research Says
Mt Newswire · June 16, 2026Gildan Activewear Adds It "Does Not Intend To Provide Any Further Comment At this time"
Mt Newswire · June 16, 2026Gildan Activewear Reiterates Its Fiscal 2026 Guidance As Provided April 30, 2026
Mt Newswire · June 16, 2026Gildan Activewear "Confident That Its Current Disclosure Provides Its Investors With Accurate and Comprehensive Information"

Peers

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