Gildan
GIL

$39.93

2.31%

Market Cap: 6.73B

About: 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.

Employees: 44,000

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 4 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

52% more call options, than puts

Call options by funds: $10.9M | Put options by funds: $7.17M

44% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 36

43% more funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 10 (+3) [Q1 2024]

16% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 87

6% more capital invested

Capital invested by funds: $4.46B [Q4 2023] → $4.73B (+$272M) [Q1 2024]

6% more funds holding

Funds holding: 265 [Q4 2023] → 281 (+16) [Q1 2024]

2.65% less ownership

Funds ownership: 78.07% [Q4 2023] → 75.42% (-2.65%) [Q1 2024]

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Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$41

1%

upside

Avg. target

$42

5%

upside

High target

$44

10%

upside

4 analyst ratings

4 positive

100%

0 neutral

0%

0 negative

0%

Canaccord Genuity Luke Hannan	8%upside $43	Buy Maintained	2 May 2024
RBC Capital Tom Callaghan	3%upside $41	Outperform Assumed	8 Apr 2024
Citigroup Paul Lejuez	10%upside $44	Buy Maintained	23 Feb 2024
Scotiabank George Doumet	1%upside $40.5	Sector Outperform Maintained	9 Feb 2024

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Financial journalist opinion

Based on 3 articles about GIL published over the past 30 days

Zacks Investment Research

Gildan Activewear (GIL) Earnings Expected to Grow: Should You Buy?

Gildan (GIL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Gildan Activewear (GIL) Earnings Expected to Grow: Should You Buy?

Gildan Activewear Announces Date for Second Quarter 2024 Earnings Release

MONTREAL, July 17, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2024 second quarter results on Thursday, August 1st, 2024. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 5492469#. A replay will be available for 7 days starting at 12:30 PM EST by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as well as the replay, will be available at the following link: Gildan Q2 2024 audio webcast.

Gildan Activewear Announces Date for Second Quarter 2024 Earnings Release

Gildan Recognized on Corporate Knights' Best 50 Corporate Citizens and TIME's World's Most Sustainable Companies

MONTREAL, June 28, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) is pleased to share that it has been recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights for the third consecutive year. Gildan is the only company in the Textiles & Clothing Manufacturing peer group to be included. In addition, Gildan has been included in the inaugural edition of TIME's World Most Sustainable Companies, and is one of only 12 Canadian companies featured on this global list.

Gildan Recognized on Corporate Knights' Best 50 Corporate Citizens and TIME's World's Most Sustainable Companies

Gildan Celebrates Two Decades of Sustainability Reporting With the Release of its 2023 ESG Report

MONTREAL, June 18, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) is pleased to announce the publication of its 20t h Environmental, Social, and Governance (ESG) report, marking a significant milestone in the Company's long history of public ESG disclosures. The 2023 report highlights Gildan's continued progress against key targets, two years into the implementation of its Next Generation ESG strategy and 2030 targets.

Gildan Celebrates Two Decades of Sustainability Reporting With the Release of its 2023 ESG Report

Gildan Activewear Announces Increase of Normal Course Issuer Bid

MONTREAL, May 29, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is committed to returning capital to shareholders via share buybacks and dividends as a key element of its capital allocation program. As previously indicated, the Company planned on resuming share repurchases following the Annual General Meeting of shareholders which occurred on May 28, 2024. Consequently, Gildan's newly reconstituted Board of Directors has now approved the resumption of share repurchases and an amended normal course issuer bid (NCIB).

Gildan Activewear Announces Increase of Normal Course Issuer Bid

Gildan Activewear Reports on Shareholders' Voting Results

MONTRÉAL, May 29, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced that the eight director nominees, being all of the existing directors of the Company following the resignation on May 23, 2024 of the prior members of the board of directors, were elected as directors of the Company for the ensuing year by an overwhelming majority of the votes cast by shareholders, in-person, and by proxy, at its annual meeting of shareholders held on May 28, 2024 in Montréal. As a result of the prior directors having all resigned in advance of the annual meeting and their decision not to present themselves for election, only eight director nominees were presented for election at the annual meeting.

Gildan Activewear Reports on Shareholders' Voting Results

Gildan Names Glenn Chamandy as President and CEO

Gildan Activewear said Glenn Chamandy, the company's former CEO, will return as CEO following the resignation Thursday evening of Vince Tyra, president and CEO, and the entire board of directors.

Gildan Names Glenn Chamandy as President and CEO

Glenn Chamandy Appointed as President and CEO and Michael Kneeland to serve as Chair of the Board of Directors

MONTREAL, May 24, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) announced today that the Board of Directors has appointed Glenn J. Chamandy as President and Chief Executive Officer and Michael Kneeland as non-executive Chair of the Board, each effective immediately.

Glenn Chamandy Appointed as President and CEO and Michael Kneeland to serve as Chair of the Board of Directors

Gildan Activewear shares climb after board resigns, ousted CEO returns

The clothing maker's board has been clashing with Browning West and seven other investors that own a total of 35% stake in the company following the ouster of co-founder Chamandy in December.

Gildan Activewear shares climb after board resigns, ousted CEO returns

Gildan Focus Now Turns to Growth With New Board, Former CEO's Expected Reinstatement

The focus, analysts say, now turns to the Canadian clothing maker's ability to bring growth back from a period of stagnating demand and lift the stock out of its slump.

Gildan Focus Now Turns to Growth With New Board, Former CEO's Expected Reinstatement

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