Shares in Gildan Activewear Inc. (GIL) Rally Based On Recent Market Updates

Gildan Activewear Inc. (GIL), a Apparel Manufacturing corporation, was a bullish stock in the stock market session. Gildan Activewear Inc. (GIL) stock opened the market for trading at $14.99 and closed the day at $14.81 with momentum of 0.00%. The increase move in Gildan Activewear Inc. (GIL) lagged the move in the DOW for the day which gained +1.11% in stock market day.

Gildan Activewear Inc. (GIL) is focused on the Apparel Manufacturing sector. This stock market sector has seen some action from day traders in recent days. Bullish day traders of Gildan Activewear Inc. (GIL) will be looking for positive upcoming earnings whereas bearish day traders of Gildan Activewear Inc. (GIL) will be looking for negative earnings. The last time Gildan Activewear Inc. (GIL) had an earnings surprise was on Qtr Ending 12/19 when they reported $0.41 compared to an estimate of $0.41. Current earnings estimates are to be released for Current Qtr 03/2020 on Gildan Activewear Inc. (GIL) and out of 3 Wall Street estimates the average is saying $0.13. The high estimate is saying $0.16 whereas the low estimate is saying $0.08 and the prior year Gildan Activewear Inc. (GIL) announced earnings at $0.16 a growth rate est. (year over year) of -18.75%.

The market performance of Gildan Activewear Inc. (GIL) has varied recently. Year to date Gildan Activewear Inc. (GIL)’s shares are down -49.85%. Over the past 12 weeks Gildan Activewear Inc. (GIL) is down -48.74% and over the last 4 weeks Gildan Activewear Inc. (GIL) is up 14.72%. Gildan Activewear Inc. (GIL) current income statement shows revenue (ttm) of $2.82B. Gross Profit is $763.66M. This puts the current EBITDA of Gildan Activewear Inc. (GIL) at $533.82M.

Wall street day traders might also notice recent changes to stock analyst estimates for Gildan Activewear Inc. (GIL). The stock is trading with an RSI (relative strength index) of 43.57 indicating Gildan Activewear Inc. (GIL) is neither overbought nor oversold. Technically, GIL’s short term support levels are around $13.75, $10.61 and $7.14 on the downside. GILs short term resistance levels are $33.96, $32.48 and $31.23 on the upside. The market cap of Gildan Activewear Inc. (GIL) is $2.911B and institutions hold 82.21% of the stock. The outstanding share count stands at 199.42M while the short float (shares short) stands at 1.29%.

Stock market research indicates that these estimate changes look to be directly correlated with short-term stock prices. The day traders can look to capitalize on the basis of ranking. Gildan Activewear Inc. (GIL) has short term rating of Neutral (-0.07), Intermediate rating of Bearish (-0.40) and long-term rating of Very Bearish (-0.50) giving Gildan Activewear Inc. (GIL) an overall rating of Bearish (-0.32).

The EPS growth this year on Gildan Activewear Inc. (GIL) is decreased -23.30% and is expected to increase 48.74% next year. However, quarterly earnings (EPS) growth year over year on Gildan Activewear Inc. (GIL) has decreased by -43.80% and quarterly revenue (Sales) growth year over year stands at -11.30%. Gross margin is detected at 24.90% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 9.20% while return on equity (ttm) is 13.70%.

Recent Developments:

2019-10-31 – Gildan Activewear Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019.
2019-10-31 – Gildan Activewear Inc. Revises Earnings Guidance for the Fourth Quarter and Full Year of 2019.
2019-10-31 – Gildan Activewear Inc. Announces Plan to Close Its Remaining Manufacturing Operations in Mexico; Announces Relocation of the Equipment to Operations in Central America and the Caribbean Basin.
2019-10-31 – Gildan Activewear Inc. Declares Quarterly Cash Dividend, Payable on December 9, 2019.
2019-10-17 – Gildan Activewear Inc. Revises Earnings Guidance for the Fourth Quarter and Year 2019.

About Company:

Gildan Activewear Inc. is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers.

Leave a Comment