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Gildan Activewear ( (TSE:GIL) ) has provided an announcement.
On August 13, 2025, Gildan Activewear Inc. announced a definitive merger agreement to acquire HanesBrands Inc. The transaction involves a series of mergers and conversions, ultimately making HanesBrands a wholly owned subsidiary of Gildan. The agreement outlines the conversion of HanesBrands’ stock and equity awards into Gildan shares and cash, with specific conditions to be met for the transaction’s completion. If successful, HanesBrands’ stock will be delisted from the NYSE, potentially impacting stakeholders and market positioning.
The most recent analyst rating on (TSE:GIL) stock is a Buy with a C$90.00 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 earnings performance and bullish technical indicators are the primary drivers of its high score. The company’s profitability and operational efficiency are significant strengths, although moderate valuation and international market challenges slightly temper the outlook.
To see Spark’s full report on TSE:GIL stock, click here.
More about Gildan Activewear
Gildan Activewear Inc. is a leading apparel company based in Montréal, Québec, Canada. The company specializes in manufacturing and selling activewear, socks, and underwear, with a strong focus on the North American market.
Average Trading Volume: 424,590
Technical Sentiment Signal: Buy
Current Market Cap: C$11.63B
For an in-depth examination of GIL stock, go to TipRanks’ Overview page.