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Gildan Activewear - GIL Stock Forecast, Price & News

$32.63
+0.53 (+1.65%)
(As of 08/16/2022 11:40 AM ET)
Add
Compare
Today's Range
$32.03
$32.64
50-Day Range
$26.36
$32.10
52-Week Range
$25.67
$43.63
Volume
8,991 shs
Average Volume
600,845 shs
Market Capitalization
$5.96 billion
P/E Ratio
9.43
Dividend Yield
2.11%
Price Target
$44.67

Gildan Activewear MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
37.9% Upside
$44.67 Price Target
Short Interest
Healthy
2.13% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.38
Upright™ Environmental Score
News Sentiment
0.18mentions of Gildan Activewear in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.26%
From $3.10 to $3.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.50 out of 5 stars

Consumer Discretionary Sector

102nd out of 292 stocks

Apparel, Finished Products From Fabrics & Similar Materials Industry

8th out of 13 stocks

GIL stock logo

About Gildan Activewear (NYSE:GIL) Stock

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.

Gildan Activewear Price Performance

NYSE:GIL traded up $0.02 during trading hours on Monday, reaching $32.10. 444,029 shares of the stock traded hands, compared to its average volume of 706,455. The stock has a 50 day simple moving average of $28.87 and a two-hundred day simple moving average of $33.39. Gildan Activewear has a 1 year low of $25.67 and a 1 year high of $43.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.11 and a quick ratio of 1.26. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Gildan Activewear (NYSE:GIL - Get Rating) (TSE:GIL) last released its quarterly earnings results on Thursday, August 4th. The textile maker reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. Gildan Activewear had a return on equity of 32.51% and a net margin of 20.48%. The business had revenue of $895.60 million for the quarter, compared to the consensus estimate of $820.62 million. During the same quarter last year, the business posted $0.68 earnings per share. The company's revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts predict that Gildan Activewear will post 3.1 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Thursday, August 25th will be issued a $0.169 dividend. The ex-dividend date is Wednesday, August 24th. This represents a $0.68 annualized dividend and a dividend yield of 2.11%. Gildan Activewear's dividend payout ratio is currently 19.65%.

Wall Street Analysts Forecast Growth

GIL has been the subject of a number of analyst reports. StockNews.com lowered Gildan Activewear from a "buy" rating to a "hold" rating in a report on Friday, May 13th. TD Securities raised their price target on Gildan Activewear from $43.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, August 5th. UBS Group dropped their price objective on Gildan Activewear from $54.00 to $42.00 in a research note on Friday, July 15th. Canaccord Genuity Group lifted their price objective on Gildan Activewear from $37.00 to $42.50 in a research note on Monday, August 8th. Finally, Canaccord Genuity Group lifted their price objective on Gildan Activewear from $37.00 to $42.50 and gave the company a "buy" rating in a research note on Friday, August 5th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Gildan Activewear presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.90.

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GIL Stock News Headlines

Gildan Activewear (NYSE:GIL) Price Target Raised to $44.00
Gildan Activewear Q2 Adj. Profit Rises
Gildan Activewear (GIL) Set to Announce Earnings on Thursday
Best Income Stocks to Buy for July 20th
Best Value Stocks to Buy for July 20th
See More Headlines
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GIL Company Calendar

Ex-Dividend for 6/20 Dividend
5/25/2022
Dividend Payable
6/20/2022
Last Earnings
8/04/2022
Today
8/16/2022
Ex-Dividend for 9/19 Dividend
8/24/2022
Dividend Payable
9/19/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Apparel, finished products from fabrics & similar materials
Sub-Industry
N/A
Employees
44,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$44.67
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+36.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$607.18 million
Pretax Margin
21.20%

Debt

Sales & Book Value

Annual Sales
$2.92 billion
Cash Flow
$3.56 per share
Book Value
$9.97 per share

Miscellaneous

Free Float
N/A
Market Cap
$5.96 billion
Optionable
Optionable
Beta
1.36

Key Executives

  • Mr. Glenn J. Chamandy (Age 61)
    Founder, Pres, CEO & Non-Independent Director
    Comp: $5.08M
  • Mr. Rhodri J. Harries (Age 58)
    Exec. VP and Chief Financial & Admin. Officer
    Comp: $1.99M
  • Mr. Chuck J. Ward
    Pres of Sales, Marketing & Distribution
  • Mr. Arun Douglas Bajaj BCL (Age 51)
    L.L.B., Exec. VP and Chief HR Officer & Legal Affairs
    Comp: $1.14M
  • Mr. Benito A. Masi (Age 66)
    Pres of Manufacturing
    Comp: $1.77M
  • Ms. Sophie Argiriou
    VP of Investor Communications
  • Ms. Michelle E. Taylor
    VP, Gen. Counsel & Corp. Sec.
  • Ms. Geneviève Gosselin
    Director of Corp. Communications & Corp. Marketing
  • Mr. Peter Iliopoulos (Age 52)
    Sr. VP of Public & Corp. Affairs













GIL Stock - Frequently Asked Questions

Should I buy or sell Gildan Activewear stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gildan Activewear in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GIL shares.
View GIL analyst ratings
or view top-rated stocks.

What is Gildan Activewear's stock price forecast for 2022?

7 equities research analysts have issued 12-month target prices for Gildan Activewear's shares. Their GIL share price forecasts range from $29.00 to $55.00. On average, they expect the company's share price to reach $44.67 in the next twelve months. This suggests a possible upside of 39.1% from the stock's current price.
View analysts price targets for GIL
or view top-rated stocks among Wall Street analysts.

How have GIL shares performed in 2022?

Gildan Activewear's stock was trading at $42.39 at the beginning of 2022. Since then, GIL stock has decreased by 24.3% and is now trading at $32.10.
View the best growth stocks for 2022 here
.

Are investors shorting Gildan Activewear?

Gildan Activewear saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,580,000 shares, an increase of 36.6% from the June 15th total of 2,620,000 shares. Based on an average daily volume of 776,500 shares, the short-interest ratio is currently 4.6 days. Approximately 2.0% of the company's shares are short sold.
View Gildan Activewear's Short Interest
.

When is Gildan Activewear's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our GIL earnings forecast
.

How were Gildan Activewear's earnings last quarter?

Gildan Activewear Inc. (NYSE:GIL) issued its earnings results on Thursday, August, 4th. The textile maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The textile maker earned $895.60 million during the quarter, compared to analyst estimates of $820.62 million. Gildan Activewear had a net margin of 20.48% and a trailing twelve-month return on equity of 32.51%. The firm's quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS.

How often does Gildan Activewear pay dividends? What is the dividend yield for Gildan Activewear?

Gildan Activewear announced a quarterly dividend on Thursday, August 4th. Shareholders of record on Thursday, August 25th will be paid a dividend of $0.169 per share on Monday, September 19th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, August 24th.
Read our dividend analysis for GIL
.

Is Gildan Activewear a good dividend stock?

Gildan Activewear (NYSE:GIL) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.12%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIL will have a dividend payout ratio of 21.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GIL.

When did Gildan Activewear's stock split?

Shares of Gildan Activewear split before market open on Monday, March 30th 2015. The 2-1 split was announced on Wednesday, February 4th 2015. The newly created shares were distributed to shareholders after the closing bell on Friday, March 27th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Glenn J. Chamandy's approval rating as Gildan Activewear's CEO?

61 employees have rated Gildan Activewear Chief Executive Officer Glenn J. Chamandy on Glassdoor.com. Glenn J. Chamandy has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Gildan Activewear own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gildan Activewear investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), Ciena (CIEN), First Data (FDC), Air Canada (AC) and China Unicom (Hong Kong) (CHU).

What is Gildan Activewear's stock symbol?

Gildan Activewear trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIL."

Who are Gildan Activewear's major shareholders?

Gildan Activewear's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Jarislowsky Fraser Ltd (7.72%), Pzena Investment Management LLC (6.85%), Cooke & Bieler LP (5.30%), FMR LLC (3.68%), Turtle Creek Asset Management Inc. (2.19%) and Principal Financial Group Inc. (1.81%).

How do I buy shares of Gildan Activewear?

Shares of GIL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Gildan Activewear's stock price today?

One share of GIL stock can currently be purchased for approximately $32.10.

How much money does Gildan Activewear make?

Gildan Activewear (NYSE:GIL) has a market capitalization of $5.87 billion and generates $2.92 billion in revenue each year. The textile maker earns $607.18 million in net income (profit) each year or $3.46 on an earnings per share basis.

How many employees does Gildan Activewear have?

The company employs 44,000 workers across the globe.

How can I contact Gildan Activewear?

Gildan Activewear's mailing address is 600 BOULEVARD DE MAISONNEUVE OUEST 33RD FLOOR, MONTREAL A8, H3A 3J2. The official website for the company is www.gildan.com. The textile maker can be reached via phone at (514) 735-2023, via email at investors@gildan.com, or via fax at 514-735-6810.

This page (NYSE:GIL) was last updated on 8/16/2022 by MarketBeat.com Staff

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