Gildan Activewear Inc (NYSE: GIL) is 35.09% higher on its value in year-to-date trading and has touched a low of $26.99 and a high of $44.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GIL stock was last observed hovering at around $44.88 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $44.66, the stock is 6.71% and 11.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -0.49% at the moment leaves the stock 23.55% off its SMA200. GIL registered 53.31% gain for a year compared to 6-month gain of 27.93%.
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The stock witnessed a 10.68% loss in the last 1 month and extending the period to 3 months gives it a 23.64%, and is 4.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.15% over the week and 2.05% over the month.
Gildan Activewear Inc (GIL) has around 43000 employees, a market worth around $7.26B and $3.21B in sales. Current P/E ratio is 18.37 and Fwd P/E is 13.27. Profit margin for the company is 13.01%. Distance from 52-week low is 65.47% and -0.52% from its 52-week high. The company has generated returns on investments over the last 12 months (14.58%).
Gildan Activewear Inc quarterly earnings per share for the current quarter are estimated at 1.13 with sales reaching $1.19B over the same period.The EPS is expected to grow by 15.38% this year, but quarterly earnings will post 0.30% year-over-year.
494.0 institutions hold shares in Gildan Activewear Inc (GIL), with institutional investors hold 90.42% of the company’s shares. The shares outstanding are 169.99M, and float is at 158.36M with Short Float at 2.08%. Institutions hold 88.37% of the Float.
The top institutional shareholder in the company is JARISLOWSKY, FRASER LTD with over 11.03 million shares valued at $418.34 million. The investor’s holdings represent 6.5327 of the GIL Shares outstanding. As of 2024-06-30, the second largest holder is COOKE & BIELER LP with 10.25 million shares valued at $388.79 million to account for 6.0714 of the shares outstanding. The other top investors are FMR LLC which holds 10.22 million shares representing 6.0507 and valued at over $387.56 million, while COLISEUM CAPITAL MANAGEMENT, LLC holds 6.0158 of the shares totaling 10.16 million with a market value of $385.22 million.
