The stock of Gildan Activewear Inc (NYSE: GIL) has increased by 1.52 when compared to last closing price of 40.67.Despite this, the company has seen a gain of 5.79% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-01 that Gildan Activewear’s (NYSE:GIL ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Jessy Hayem – Vice President, Head of Investor Relations Glenn Chamandy – President and Chief Executive Officer Rhodri Harries – Executive Vice President, Chief Financial and Administrative Officer Chuck Ward – President, Sales, Marketing and Distribution Conference Call Participants Paul Lejuez – Citigroup Mark Petrie – CIBC Brian Morrison – TD Cowen Vishal Shreedhar – National Bank Financial Martin Landry – Stifel Jay Sole – UBS Stephen McLeod – BMO Capital Markets Chris Li – Desjardins Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q2 2024 Gildan Activewear Earnings Conference Call. Please be advised that today’s conference is being recorded.
Is It Worth Investing in Gildan Activewear Inc (NYSE: GIL) Right Now?
Gildan Activewear Inc (NYSE: GIL) has a higher price-to-earnings ratio of 13.96x compared to its average ratio, The 36-month beta value for GIL is at 1.43. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for GIL is 164.34M, and currently, shorts hold a 1.86% of that float. The average trading volume for GIL on August 02, 2024 was 697.78K shares.
GIL’s Market Performance
GIL’s stock has seen a 5.79% increase for the week, with a 8.43% rise in the past month and a 19.37% gain in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 1.84% for Gildan Activewear Inc The simple moving average for the past 20 days is 5.01% for GIL’s stock, with a 17.96% simple moving average for the past 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 7.99% 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 able to rebound, for now settling with 0.15% of gains for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +7.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.34% upper at present.
During the last 5 trading sessions, GIL rose by +5.79%, which changed the moving average for the period of 200-days by +41.11% in comparison to the 20-day moving average, which settled at $39.46. In addition, Gildan Activewear Inc saw 24.89% 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:
- 0.19 for the present operating margin
- 0.28 for the gross margin
The net margin for Gildan Activewear Inc stands at 0.16. The total capital return value is set at 0.21. Equity return is now at value 26.88, with 14.07 for asset returns.
Based on Gildan Activewear Inc (GIL), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 9.98.
Currently, EBITDA for the company is 648.99 million with net debt to EBITDA at 1.73. When we switch over and look at the enterprise to sales, we see a ratio of 2.54. The receivables turnover for the company is 6.23for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.38.
Conclusion
In conclusion, Gildan Activewear Inc (GIL) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
