At the time of writing, Gildan Activewear Inc [GIL] stock is trading at $44.88, up 2.65%. An important factor to consider is whether the stock is rising or falling in short-term value. The GIL shares have gain 5.33% over the last week, with a monthly amount glided 12.20%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gildan Activewear Inc [NYSE: GIL] stock has seen the most recent analyst activity on August 02, 2024, when Stifel upgraded its rating to a Buy. Previously, UBS downgraded its rating to Neutral on January 05, 2024. On December 07, 2023, downgrade downgraded it’s rating to Hold. TD Securities upgraded its rating to a Buy and increased its price target to $38 on August 04, 2023. Stifel initiated its recommendation with a Buy and recommended $38 as its price target on May 02, 2023. TD Securities downgraded its rating to Hold for this stock on January 23, 2023. In a note dated November 05, 2021, Stifel downgraded an Hold rating on this stock.
For the past year, the stock price of Gildan Activewear Inc fluctuated between $26.99 and $43.92. Currently, Wall Street analysts expect the stock to reach $44.38 within the next 12 months. Gildan Activewear Inc [NYSE: GIL] shares were valued at $44.88 at the most recent close of the market. An investor can expect a potential drop of -1.11% based on the average GIL price forecast.
Analyzing the GIL fundamentals
According to Gildan Activewear Inc [NYSE:GIL], the company’s sales were 3.21B for trailing twelve months, which represents an 2.68% jump. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.22 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.01 points at the first support level, and at 43.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.32, and for the 2nd resistance point, it is at 45.76.
Ratios To Look Out For
It is important to note that Gildan Activewear Inc [NYSE:GIL] has a current ratio of 2.35. On the other hand, the Quick Ratio is 0.97, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 2.27, the price to book ratio is 4.01 and price to earnings (TTM) ratio is 18.46.
Transactions by insiders
Recent insider trading involved DeHaan Jason, Officer, that happened on Aug 15 ’24 when 19105.0 shares were purchased.
