Gildan Activewear Inc (GIL) Shares Up Despite Recent Market Volatility

The stock price of Gildan Activewear Inc (NYSE: GIL) has jumped by 0.63 compared to previous close of 36.56. Despite this, the company has seen a gain of 0.35% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-02 that PVH’s fourth-quarter fiscal 2023 results exceed estimates, driven by the PVH+ Plan, which led to gross margin expansion and adjusted EPS growth.

Is It Worth Investing in Gildan Activewear Inc (NYSE: GIL) Right Now?

Gildan Activewear Inc (NYSE: GIL) has a price-to-earnings ratio that is above its average at 12.12x. The stock has a 36-month beta value of 1.38. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 0 as “sell.”

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The public float for GIL is 163.88M, and at present, short sellers hold a 0.90% of that float. On April 04, 2024, the average trading volume of GIL was 835.00K shares.

GIL’s Market Performance

GIL stock saw an increase of 0.35% in the past week, with a monthly gain of 6.61% and a quarterly increase of 13.51%. The volatility ratio for the week is 2.02%, and the volatility levels for the last 30 days are 2.58% for Gildan Activewear Inc (GIL). The simple moving average for the last 20 days is 3.08% for GIL’s stock, with a simple moving average of 14.61% for the last 200 days.

Analysts’ Opinion of GIL

TD Securities gave a rating of “Buy” to GIL, setting the target price at $38 in the report published on August 04th of the previous year.

GIL Trading at 6.10% from the 50-Day Moving Average

After a stumble in the market that brought GIL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.35% of loss for the given period.

Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares surge +7.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.55% upper at present.

During the last 5 trading sessions, GIL rose by +0.35%, which changed the moving average for the period of 200-days by +21.22% in comparison to the 20-day moving average, which settled at $35.82. In addition, Gildan Activewear Inc saw 11.28% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for GIL

Current profitability levels for the company are sitting at:

  • 0.2 for the present operating margin
  • 0.28 for the gross margin

The net margin for Gildan Activewear Inc stands at 0.17. The total capital return value is set at 0.23. Equity return is now at value 27.79, with 15.26 for asset returns.

Based on Gildan Activewear Inc (GIL), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 10.38.

Currently, EBITDA for the company is 648.99 million with net debt to EBITDA at 1.53. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The receivables turnover for the company is 7.75for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.

Conclusion

To sum up, Gildan Activewear Inc (GIL) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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