Gildan Activewear Inc (NYSE: GIL) is -2.21% 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 $46.12 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $46.01, the stock is 10.38% and 0.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing -0.24% at the moment leaves the stock -1.15% off its SMA200. GIL registered 29.86% gain for a year compared to 6-month loss of -4.82%. The firm has a 50-day simple moving average (SMA 50) of $45.9482 and a 200-day simple moving average (SMA200) of $46.5459.
The stock witnessed a 2.11% gain in the last 1 month and extending the period to 3 months gives it a -12.21%, and is 8.34% 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 3.97% over the week and 4.28% over the month.
Gildan Activewear Inc (GIL) has around 50000 employees, a market worth around $6.99B and $3.29B in sales. Current P/E ratio is 17.85 and Fwd P/E is 11.95. Profit margin for the company is 12.37%. Distance from 52-week low is 42.76% and -16.93% from its 52-week high. The company has generated returns on investments over the last 12 months (12.31%).
with sales reaching $908.89M over the same period.The EPS is expected to grow by 15.49% this year, but quarterly earnings will post 4.92% year-over-year. Quarterly sales are estimated to grow 5.41% in year-over-year returns.
554.0 institutions hold shares in Gildan Activewear Inc (GIL), with institutional investors hold 83.63% of the company’s shares. The shares outstanding are 151.53M, and float is at 149.77M with Short Float at 1.26%. Institutions hold 83.38% 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.
