The price of Gildan Activewear Inc. (NYSE:GIL) shares last traded on Wall Street fell -1.62% to $30.45.
Based on available information, 11 analysts follow Gildan Activewear Inc. (NYSE:GIL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $31.00, we find $38.00. Given the previous closing price of $30.95, this indicates a potential upside of 22.78 percent. GIL stock price is now 6.58% away from the 50-day moving average and 0.88% away from the 200-day moving average. The market capitalization of the company currently stands at $5.42B.
Among analysts, 2 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $36.95 as their price target over the next twelve months.
, while ‘Citigroup’ rates the stock as ‘Buy’.
Insiders disposed of 13,856,333 shares of company stock worth roughly $421.93 million over the past 1 year. A total of 8.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GIL stock. A new stake in Gildan Activewear Inc. shares was purchased by COLISEUM CAPITAL MANAGEMENT, LLC during the first quarter worth $95,338,000. STRS OHIO invested $6,090,000 in shares of GIL during the first quarter. In the first quarter, LAKEWOOD CAPITAL MANAGEMENT, LP acquired a new stake in Gildan Activewear Inc. valued at approximately $5,857,000. JUPITER ASSET MANAGEMENT LTD acquired a new stake in GIL for approximately $3,399,000. TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY purchased a new stake in GIL valued at around $3,060,000 in the second quarter. In total, there are 454 active investors with 83.30% ownership of the company’s stock.
A candlestick chart of Gildan Activewear Inc. (NYSE: GIL) showed a price of $30.28 on Monday morning. During the past 12 months, Gildan Activewear Inc. has had a low of $25.67 and a high of $41.91. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 2.60, and a quick ratio of 0.90. The fifty day moving average price for GIL is $28.62 and a two-hundred day moving average price translates $30.15 for the stock.
The latest earnings results from Gildan Activewear Inc. (NYSE: GIL) was released for Jul, 2022. According to the Apparel Manufacturing Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.51 by 0.17. This compares to $0.95 EPS in the same period last year. The net profit margin was 19.10% and return on equity was 33.70% for GIL. The company reported revenue of $850.01 million for the quarter, compared to $801.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.04 percent. For the current quarter, analysts expect GIL to generate $715.51M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/19/2022. Investors who held shares on 11/23/2022 were paid a $0.169 dividend. On an annualized basis, this represents a $0.68 dividend and a 2.22% percent yield. There was an ex-dividend date of 11/22/2022 for this dividend. In terms of dividend payout ratio, GIL is presently at 19.60%.
Gildan Activewear Inc.(GIL) Company Profile
Gildan Activewear Inc. manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Alstyle, and GoldToe brands. The company also offers hosiery products comprising athletic; dress; and casual, liner, therapeutic, and workwear socks, as well as sheer pantyhose, tights, and leggings under the Gildan, Under Armour, GoldToe, PowerSox, Signature Gold by Goldtoe, Peds, MediPeds, Therapy Plus, All Pro, Secret, Silks, Secret Silky, and American Apparel brands. In addition, it provides men’s and boys’ underwear products, and ladies panties under the Gildan and Gildan Platinum brands; and ladies’ shapewear, intimates, and accessories under the Secret and Secret Silky brands. The company sells its products to wholesale distributors, screen printers, and embellishers, as well as to retailers and lifestyle brand companies. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was founded in 1946 and is headquartered in Montreal, Canada.