Gildan Activewear Inc (NYSE: GIL) is -12.58% lower on its value in year-to-date trading and has touched a low of $32.23 and a high of $55.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GIL stock was last observed hovering at around $40.66 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $41.13, the stock is -3.27% and -13.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.49 million and changing 1.16% at the moment leaves the stock -11.27% off its SMA200. GIL registered 14.35% gain for a year compared to 6-month loss of -13.47%. The firm has a 50-day simple moving average (SMA 50) of $47.4486 and a 200-day simple moving average (SMA200) of $46.352.
The stock witnessed a -12.10% gain in the last 1 month and extending the period to 3 months gives it a -16.89%, and is 2.36% 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 3.29% over the week and 3.79% over the month.
Gildan Activewear Inc (GIL) has around 50000 employees, a market worth around $6.24B and $3.27B in sales. Current P/E ratio is 16.54 and Fwd P/E is 10.64. Profit margin for the company is 12.25%. Distance from 52-week low is 27.61% and -25.74% from its 52-week high. The company has generated returns on investments over the last 12 months (14.36%).
with sales reaching $712.99M over the same period.The EPS is expected to grow by 15.68% this year, but quarterly earnings will post 5.02% year-over-year. Quarterly sales are estimated to grow 2.47% in year-over-year returns.
551.0 institutions hold shares in Gildan Activewear Inc (GIL), with institutional investors hold 87.79% of the company’s shares. The shares outstanding are 152.41M, and float is at 149.74M with Short Float at 1.14%. Institutions hold 87.52% 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 6.5663 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 6.1027 of the shares outstanding. The other top investors are FMR LLC which holds 10.22 million shares representing 6.0819 and valued at over $387.56 million, while COLISEUM CAPITAL MANAGEMENT, LLC holds 6.0467 of the shares totaling 10.16 million with a market value of $385.22 million.
