GIL Stock Summary and Trading Ideas (Gildan Activewear Class A Sub. Vot. | NYSE:GIL)

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America and recently began operating a new plant in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generates nearly 90% of its sales in the US.

Gildan Activewear Class A Sub. Vot. trades on the NYSE stock market under the symbol GIL.

As of May 10, 2024, GIL stock price climbed to $33.59 with 815,072 million shares trading.

GIL has a beta of 1.53, meaning it tends to be more sensitive to market movements. GIL has a correlation of 0.33 to the broad based SPY ETF.

GIL has a market cap of $5.67 billion. This is considered a Mid Cap stock.

Last quarter Gildan Activewear Class A Sub. Vot. reported $696 million in Revenue and $.59 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.08.

In the last 3 years, GIL stock traded as high as $43.63 and as low as $25.67.

The top ETF exchange traded funds that GIL belongs to (by Net Assets): DFIC, DIHP, DFAI, DFAX, GVLU.

GIL has underperformed the market in the last year with a price return of +13.6% while the SPY ETF gained +27.8%. GIL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.3% and -4.8%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

GIL support price is $32.04 and resistance is $33.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GIL stock will trade within this expected range on the day.