GIL - Gildan Activewear Inc.

NYSE - Nasdaq Real-time price. Currency in USD
27.25
-0.09 (-0.33%)
As of 2:58PM EST. Market open.
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Previous close27.34
Open27.45
Bid27.28 x 1100
Ask27.29 x 900
Day's range27.19 - 27.54
52-week range23.45 - 40.40
Volume421,613
Avg. volume884,193
Market cap5.569B
Beta (3Y monthly)0.72
PE ratio (TTM)19.52
EPS (TTM)1.40
Earnings dateN/A
Forward dividend & yield0.54 (1.97%)
Ex-dividend date2019-11-13
1y target est31.12
  • GlobeNewswire

    Gildan provides webcast details related to its 2019 Institutional Investor and Analyst Conference

    MONTREAL, Nov. 15, 2019 -- Gildan Activewear Inc. (GIL; TSX and NYSE) will be holding its 2019 Institutional Investor and Analyst Conference in San Pedro Sula, Honduras on.

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  • Gildan Activewear (GIL) Q3 Earnings Match Estimates
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    Gildan Activewear (GIL) Q3 Earnings Match Estimates

    Gildan (GIL) delivered earnings and revenue surprises of 0.00% and -0.04%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Gildan Activewear Reports Third Quarter 2019 Results

    Q3 2019 sales of $740 million, down 2%, GAAP diluted EPS of $0.51 and adjusted diluted EPS1 of $0.53 down 7% over prior year quarterCompany announces move of textile and sewing.

  • Analysts Estimate Gildan Activewear (GIL) to Report a Decline in Earnings: What to Look Out for
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  • Moving Average Crossover Alert: Gildan Activewear
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  • Bloomberg

    Gildan Plunges Most Since 2008 As ‘Cash Machine’ Unit Slumps

    (Bloomberg) -- Customized T-shirts appear to be the first thing to go in times of economic uncertainty.Shares of apparel giant Gildan Activewear Inc. plunged by a third Friday after the company pared its guidance for revenue and profit due to a slowdown in its print-wear business. The unit sells basic clothing to wholesalers who slap logos on them for sports teams or events.The Montreal-based company said Thursday it faced an unexpected decline in the U.S. and a slowdown in Europe and in China, just months after describing the Asian economy as “on fire.” Its newer retail business, which includes its own-brand underwear, was in line with expectations.Given Gildan’s scale, the sharp slowdown in U.S. print-wear sales in the third quarter is most likely an industry-wide phenomenon, Keith Howlett, an analyst at Desjardins Capital Markets, wrote in a note to investors, calling the unit Gildan’s “cash machine.” He cut his rating to sell from buy.“The printwear channel is reliant on demand from the promotional products channel, and it is possible that economic anxiety has caused some companies to reduce discretionary spending,” Howlett said.Shares fell as much as 34% in New York to $23.45, the biggest intra-day drop in almost 11 years. The profit warning led several analysts to reduce their ratings and price targets on the stock.Gildan has built a global production chain ranging from yarn-spinning to clothes-stitching, which has enabled the company to lower costs and compete with Hanesbrands Inc. and Berkshire Hathaway Inc.’s Fruit of the Loom.Here’s what other analysts wrote:Bank of America Merrill Lynch, Heather Balsky, downgraded to Underperform from Buy“End demand from corporate customers has been especially weak, potentially tied to a slowing economy. The BofAML macro team expects continued U.S. economic deceleration, which does not bode well for future demand in our view.”Still, Gildan has meaningful opportunity to grow its private label business and Balsky anticipates additional product announcements in the near term.CIBC, Mark Petrie, reduced price target to $30 from $40“Gildan has had material guidance revisions over the years, so this move will bring up bad memories. Though we are surprised at this cut -- particularly the magnitude -- we do not believe this reflects challenges as dire as in the past.”“That being said, de-stocking issues can linger, and we have limited visibility overall, so it is difficult to have conviction in the pace and shape of a recovery.”RBC, Sabahat Khan, cut price target to $30 from $36“In addition to a weak economic backdrop, we believe that the decrease in the price of cotton is exacerbating the inventory destocking issue.”“We believe that distributors are likely reducing inventory levels in the hopes/anticipation of lower prices from suppliers.“(Updates with share price in sixth paragraph)To contact the reporter on this story: Sandrine Rastello in Montreal at srastello@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, Jacqueline Thorpe, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    Gildan Activewear Announces Preliminary Third Quarter 2019 Results and Updates 2019 Full Year Guidance

    MONTREAL, Oct. 17, 2019 (GLOBE NEWSWIRE) --  Gildan Activewear Inc. (GIL:TSX and NYSE) today announced that it expects to report GAAP diluted EPS for the third quarter ended September 29, 2019 of approximately $0.51 and adjusted diluted EPS1 of approximately $0.53, both down 7% over the third quarter of 2018.  Sales for the third quarter are expected to be approximately $740 million, down 2% over the same quarter last year, reflecting estimated activewear sales of $620 million and sales of $120 million in the hosiery and underwear category.  The Company’s previous guidance provided on August 1, 2019 called for adjusted diluted EPS growth to be flat in the third quarter, on projected sales growth in the mid-single-digit range over the third quarter last year. During the third quarter of 2019, we experienced significantly weaker than expected demand for imprintables in North America and ongoing softness in international imprintable markets.

  • How Did Gildan Activewear Inc.'s (TSE:GIL) 16% ROE Fare Against The Industry?
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    How Did Gildan Activewear Inc.'s (TSE:GIL) 16% ROE Fare Against The Industry?

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  • Here's Why Gildan Activewear (TSE:GIL) Can Manage Its Debt Responsibly
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    Here's Why Gildan Activewear (TSE:GIL) Can Manage Its Debt Responsibly

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  • GlobeNewswire

    Gildan listed on the Dow Jones Sustainability Index

    Gildan Activewear Inc. (GIL:TSX and NYSE) announced today that the Company has been included on the Dow Jones Sustainability North America Index. This marks the seventh consecutive year that the Company has been included on the Dow Jones Indices. “We take great pride in our inclusion on this index once again this year, being one of only two apparel companies on the North American index,” said Claudia Sandoval, Vice President, Corporate Citizenship at Gildan.  “We are focused on increasing the transparency of our operations and approaching issues in a holistic way.

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  • Gildan Activewear (GIL) Q2 Earnings and Revenues Beat Estimates
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    Gildan Activewear (GIL) Q2 Earnings and Revenues Beat Estimates

    Gildan (GIL) delivered earnings and revenue surprises of 3.64% and 1.39%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

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

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  • GlobeNewswire

    Gildan Activewear Announces Dates for Second Quarter 2019 Earnings Release

    MONTREAL, July 17, 2019 -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2019 second quarter results on Thursday, August 1st, 2019. A press release will be issued.

  • GlobeNewswire

    Gildan Announces Participation at Investor Conferences

    MONTREAL, May 28, 2019 -- Gildan Activewear Inc. (GIL: TSX and NYSE) announced today that Rhodri J. Harries, Executive Vice-President, Chief Financial and Administrative.

  • GlobeNewswire

    Gildan Announces Multi-year Partnership With Live Nation

    MONTREAL, May 23, 2019 -- Gildan announces the launch of a multi-year partnership with Live Nation, featuring it’s American Apparel® brand, as the official printwear partner.