While Gildan Activewear Inc has underperformed by -1.28%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GIL rose by 12.87%, with highs and lows ranging from $38.87 to $26.98, whereas the simple moving average jumped by 12.21% in the last 200 days.
On January 05, 2024, UBS Downgraded Gildan Activewear Inc (NYSE: GIL) to Neutral. A report published by Edward Jones on December 07, 2023, Downgraded its rating to ‘Hold’ for GIL. TD Securities also Upgraded GIL shares as ‘Buy’, setting a target price of $38 on the company’s shares in a report dated August 04, 2023. Stifel Initiated an Buy rating on May 02, 2023, and assigned a price target of $38. TD Securities January 23, 2023d its ‘Buy’ rating to ‘Hold’ for GIL, as published in its report on January 23, 2023. Citigroup also rated the stock as ‘Buy’.
Analysis of Gildan Activewear Inc (GIL)
The current dividend for GIL investors is set at $0.76 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 8.28%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Gildan Activewear Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 27.79% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.83, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and GIL is recording an average volume of 831.55K. On a monthly basis, the volatility of the stock is set at 2.83%, whereas on a weekly basis, it is put at 2.17%, with a gain of 0.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $41.04, showing growth from the present price of $36.22, which can serve as yet another indication of whether GIL is worth investing in or should be passed over.
How Do You Analyze Gildan Activewear Inc Shares?
Gildan Activewear Inc (GIL) is based in the Canada and is one of the most prominent companies operating in the Apparel Manufacturing market. When comparing Gildan Activewear Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 11.94, there is a growth in quarterly earnings of 91.32%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.83%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 82.48% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GIL shares are owned by institutional investors to the tune of 82.48% at present.
