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 U.S.

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

As of April 26, 2024, GIL stock price climbed to $35.36 with 11,953 million shares trading.

GIL has a beta of 1.59, meaning it tends to be more sensitive to market movements. GIL has a correlation of 0.36 to the broad based SPY ETF.

GIL has a market cap of $5.96 billion. This is considered a Mid Cap stock.

Last quarter Gildan Activewear Class A Sub. Vot. reported $783 million in Revenue and $.75 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.02.

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 +14.5% while the SPY ETF gained +26.5%. However, in the short term, GIL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.1% vs +4.2% return in SPY. But in the last 2 weeks, GIL shares have been beat by the market, returning -2.4% compared to an SPY return of -2.2%.

GIL support price is $34.45 and resistance is $35.69 (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.