Can Gildan Activewear Inc. (GIL) Add Value To Your Portfolio?

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As of Wednesday close, Gildan Activewear Inc.’s (NYSE:GIL) stock was up $0.13, moving up 0.45 percent to $28.85. The average number of shares traded per day over the past five days has been 494,140 shares. 4 times new highs have been achieved over the past 5 days, with a $0.80 gain in that time frame. In the last twenty days, the average volume was 595,355, while in the previous 50 days, it was 571,154.

Since last month, GIL stock retreated -9.31%. Shares of the company fell to $26.79 on 11/09/22, the lowest level in the past month. A 52-week high of $43.42 was reached on 01/04/22 after having rallying from a 52-week low of $25.67. Since the beginning of this year, GIL’s stock price has dropped by -31.94% or -$13.54, and marked a new high 2 times. However, the stock has declined by -33.56% since its 52-week high.


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Valuation Metrics

Right now, Gildan Activewear Inc. (GIL) has a P/E ratio of about 8.60. The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 1.52, the price-to-book (PB) ratio of 2.83, and the price-to-cash flow ratio of 41.77 may also be considered.

The latest dividend of $0.1690 per share was paid out, remained unchanged from last year’s $0.1690. On Wednesday February 23 2022, a $0.0150 dividend increase was announced.

Financial Health

In the three months ended June 29, Gildan Activewear Inc.’s quick ratio stood at 0.90, while its current ratio was 2.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.46, and the total debt-to-equity ratio was 0.55. On the profitability front, the trailing twelve-month gross margin is 29.90% percent. In the year ended June 29, operating margins totaled 20.80%. Based on annual data, GIL earned $940.21 million in gross profit and brought in $2.92 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.10%. Return on equity (ROE) for the past 12 months was 33.70%.

In Gildan Activewear Inc.’s quarter-end financial report for June 29, it reported total debt of $42.19 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GIL’s revenue fell -3.0% during the quarter, while net income inched up to $2.82 billion. While analysts expected Gildan Activewear Inc. to report $0.51 quarterly earnings, the actual figure was $0.68 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated $205.72 million in EBITDA. The liabilities of Gildan Activewear Inc. were 1.58 billion at the end of its most recent quarter ended June 29, and its total debt was $947.62 million.

Technical Picture

This quick technical analysis looks at Gildan Activewear Inc.’s (GIL) price momentum. With a historical volatility rate of 31.78%, the RSI 9-day stood at 50.13% on 23 November.

With respect to its five-day moving average, the current Gildan Activewear Inc. price is up by +2.85% percent or $0.80. At present, GIL shares trade -9.31% below its 20-day simple moving average and +4.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately -11.29% below its SMA50 and -29.34% below its SMA200.

Stochastic coefficient K was 60.06% and Stochastic coefficient D was 44.71%, while ATR was 0.93. Given the Stochastic reading of 77.15% for the 14-day period, the RSI (14) reading has been calculated as 48.03%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.25.

Analyst Ratings

Gildan Activewear Inc. downgraded its rating on Gildan Activewear Inc. (NYSE: GIL) to a Hold in a note to investors on November 05, 2021. The analysts firm previously had a Buy rating on the stock.Gildan Activewear Inc. (GIL) has been rated Buy by analysts. According to 0 brokerage firms, GIL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Gildan Activewear Inc. stock as buy, with 8 recommending it as overweight.

With a median target price of $39.00, the current consensus forecast for the stock is $31.00 – $44.00. Based on these forecasts, analysts predict Gildan Activewear Inc. (GIL) will achieve an average price target of $38.41.

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