The stock of Gildan Activewear Inc (GIL) has gone down by -3.71% for the week, with a -8.21% drop in the past month and a -0.32% drop in the past quarter. The volatility ratio for the week is 1.55%, and the volatility levels for the past 30 days are 2.33% for GIL. The simple moving average for the past 20 days is -5.18% for GIL’s stock, with a 3.79% simple moving average for the past 200 days.
Is It Worth Investing in Gildan Activewear Inc (NYSE: GIL) Right Now?
The price-to-earnings ratio for Gildan Activewear Inc (NYSE: GIL) is 11.13x, which is above its average ratio. Moreover, the 36-month beta value for GIL is 1.42. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for GIL is 163.88M and currently, short sellers hold a 0.94% of that float. On May 02, 2024, GIL’s average trading volume was 780.73K shares.
GIL) stock’s latest price update
The stock of Gildan Activewear Inc (NYSE: GIL) has decreased by -2.37 when compared to last closing price of 34.59.Despite this, the company has seen a loss of -3.71% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-01 that Gildan Activewear’s (NYSE:GIL ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Jessy Hayem – Vice President and Head of Investor Relations Vince Tyra – President and CEO Rhodri Harries – Executive Vice President, CFO and CAO Chuck Ward – President of Sales, Marketing and Distribution Conference Call Participants Paul Lejuez – Citigroup Investment Research George Doumet – Scotiabank Jay Sole – UBS Brian Morrison – TD Cowen Christopher Li – Desjardins Capital Markets Martin Landry – Stifel Stephen McLeod – BMO Capital Markets Luke Hannan – Canaccord Genuity Mark Petrie – CIBC World Markets Vishal Shreedhar – National Bank Financial Operator Ladies and gentlemen, thank you for standing by and welcome to the Q1 2024 Gildan Activewear Earnings Conference Call. After the presentation, there will be a question-and-answer session.
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 -5.01% 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 -13.12% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares sank -5.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.53% lower at present.
During the last 5 trading sessions, GIL fell by -3.28%, which changed the moving average for the period of 200-days by +6.47% in comparison to the 20-day moving average, which settled at $35.51. In addition, Gildan Activewear Inc saw 2.15% 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 2.1. 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 wrap up, the performance of Gildan Activewear Inc (GIL) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
