06:35 AM EDT, 05/01/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our price target of CAD65, based on 13.5x our 2025 EPS estimate of USD3.50 (up by USD0.10), between the GIL's three- and five-year average forward P/E multiple. We maintain 2026's EPS estimate at USD3.80. GIL posts normalized Q1 EPS of USD0.59 vs. USD0.59, USD0.02 above consensus estimates on revenues of USD712M vs. USD696M and in line with estimates. Activewear sales increased 9% to USD647M on higher volume. Hosiery and Underwear sales declined 38% to USD64M due mainly to the phase out of its Under Armour sock business and unfavorable mix. Q1 gross margin expanded 90 bps Y/Y to 31.2% due to lower raw material costs. GIL reconfirmed its full-year guidance of mid-single-digit revenue growth, operating margin to expand 50 bps, and adjusted EPS between USD3.38 and USD3.58 (which represents mid double-digit growth). We believe the company is executing well and has a well-diversified supply chain. However, we expect consumer demand to slow. Valuation is fair around 12.5x NTM EPS estimates, in our view.