The Globe and Mail reports in its Tuesday, Feb. 3, edition that National Bank's Vishal Shreedhar has reaffirmed his "outperform" recommendation for Gildan Activewear. The Globe's David Leeder writes that Mr. Shreedhar gave his share target a $5 boost to $97 (all figures U.S.). Analysts on average target the shares at $83.68. While investors are likely to remain focused on the progress of its integration of Hanesbrands following its acquisition last year, Mr. Shreedhar expects Gildan to continue to display "solid" earnings per share growth when it reports fourth quarter fiscal 2026 results later this month. Mr. Shreedhar says in a note: "Our expectations for solid growth in Activewear reflects new programs (plasma print, and benefits from previously launched programs in 2025), favourable product mix, and pricing (took effect Q2/25). Prior hosiery and underwear softness reflected tighter inventory management and product/program resets (began Q2/25). We expect trends to sequentially improve, reflecting a stabilizing market; as resets are completed, we expect this to also be supportive all else equal." Mr. Shreedhar is projecting quarterly earnings per share of 93 cents, matching the consensus estimate on the Street.
© 2026 Canjex Publishing Ltd. All rights reserved.