Gildan Acquires HanesBrands, Doubling Scale and Enhancing Global Presence

Gildan Activewear ( (TSE:GIL) ) has provided an announcement.

Gildan Activewear Inc. has completed its acquisition of HanesBrands Inc., effectively doubling its scale and creating a global apparel leader. This strategic move combines iconic brands with Gildan’s low-cost, vertically integrated platform, aiming to enhance innovation and growth. The integration is expected to deliver at least $200 million in cost synergies, positioning Gildan to better serve its customers and provide long-term value for shareholders.

The most recent analyst rating on (TSE:GIL) stock is a Buy with a C$97.00 price target. To see the full list of analyst forecasts on Gildan Activewear stock, see the TSE:GIL Stock Forecast page.

Spark’s Take on TSE:GIL Stock

According to Spark, TipRanks’ AI Analyst, TSE:GIL is a Outperform.

Gildan Activewear’s strong financial performance and positive earnings call are the primary drivers of its solid stock score. While technical indicators and valuation are less compelling, the company’s strategic initiatives and growth prospects provide a positive outlook.

To see Spark’s full report on TSE:GIL stock, click here.

More about Gildan Activewear

Gildan Activewear Inc. is a leading manufacturer of everyday basic apparel, offering products such as activewear, underwear, socks, and intimates. The company serves a diverse customer base including wholesale distributors, screenprinters, retailers, and e-commerce platforms across North America, Europe, Asia Pacific, and Latin America. Gildan operates large-scale, vertically integrated manufacturing facilities primarily in Central America, the Caribbean, North America, and Asia, with a strong commitment to industry-leading labor, environmental, and governance practices.

YTD Price Performance: 20.62%

Average Trading Volume: 563,440

Technical Sentiment Signal: Buy

Current Market Cap: C$11.95B

See more data about GIL stock on TipRanks’ Stock Analysis page.