GIL - Gildan Activewear Inc.

NYSE - NYSE Delayed price. Currency in USD
13.25
-0.23 (-1.71%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous close13.48
Open13.57
Bid13.25 x 900
Ask13.42 x 800
Day's range13.12 - 13.63
52-week range9.42 - 40.40
Volume863,334
Avg. volume1,455,752
Market cap2.631B
Beta (5Y monthly)1.51
PE ratio (TTM)19.49
EPS (TTM)0.68
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date11 Mar 2020
1y target est16.70
  • Canada Inc. Reports a Cloudy Outlook, and Stocks Still Rise
    Bloomberg

    Canada Inc. Reports a Cloudy Outlook, and Stocks Still Rise

    (Bloomberg) -- After weeks of wondering how corporate Canada fared in the early days of the Covid-19 pandemic, investors finally got a proper look under the hood.Senior executives spoke about the impact. Some described the future as too hard to predict. Others tried to identify parallels and differences with the financial crisis.By withdrawing their 2020 forecasts, many Canadian companies have expressed their lack of confidence about when the economy will reopen and how consumers will behave when it does. Profit expectations have slumped to levels unseen in four years, according to data compiled by Bloomberg.Even so, stocks continued to rally. The S&P/TSX Composite Index rose every day last week and has gone up seven weeks in a row, its longest winning streak in 14 months.With more than 65% of companies in the index having reported quarterly results over the past three weeks, here’s a look at some of the numbers and the future state.A is for AirlinesAir Canada was the single best performing company in the index for the decade that ended Dec. 31, 2019. Now it has one of the bleakest outlooks. The airline expects the impact of the virus to last for at least three years and predicted large job cuts as it hunkers down to survive “the darkest period ever” for the industry. Air Canada is down 65% this year.It declined to give an update on its planned purchase of smaller rival Transat A.T. Inc. until its gets regulatory approval. But the market has a view: Transat shares ended the week at C$8.30, far below the C$18 takeover price.One company’s sorrow is another’s hope. With fewer commercial airplanes carrying cargo and more consumers shopping online, Cargojet Inc. experienced a surge in volumes for all of its segments. First quarter adjusted Ebitda jumped about 25% to C$40.2 million ($28.9 million) and revenues went up 11% to C$123 million. Its shares are up 35% this year.Good as GoldGold miners enjoyed a nice lift last quarter as investors sought a safe haven in the precious metal.Agnico Eagle Mines Ltd. Chief Executive Officer Sean Boyd wants to direct much of the cash flow windfall to shareholders, even as the industry faces temporary production cutbacks due to the spread of the coronavirus. Amid the suspension of mine operations at most sites, Boyd noted, “In my 35 years, this is the busiest seven or eight weeks I’ve ever had.”Prices rallied 6.9% in April (after a 3% surge last quarter), trading as high as $1,747.36 per ounce. Investors like gold as a hedge against negative bond yields.The world’s second-largest gold miner said the coronavirus outbreak has had little impact on its output. Barrick Gold Corp. CEO Mark Bristow said it was able to stockpile inventories of consumables and managed to shift orders for some key goods from country to country as the virus spread. “Our supply chains are fully open,” Bristow said in a May 6 interview with Bloomberg.From T-Shirts to MasksLike many companies around the globe, Gildan Activewear Inc. pivoted to making hard-to-find personal protective equipment and is now considering making the temporary business permanent.Gildan, which makes T-shirts, underwear and other basic garments, said April 8 it would start producing non-medical face masks and isolation gowns at its idle Honduras factories after getting hit hard by the virus crisis. First-quarter sales dropped 26% and Gildan predicted a “significant earnings loss” for the current quarter.Online Shopping SurgesShopify Inc. had a blowout first quarter, with revenues that topped analyst estimates as it helped bring more businesses online. That briefly made the company the most valuable firm on the Canadian stock market, moving past Royal Bank of Canada on Wednesday.Then the software company announced a share sale to raise $1.3 billion to strengthen its balance sheet and fund growth. That cooled off the stock, which fell 4.4% over Thursday and Friday. The company also announced a partnership with Pinterest, with merchants able to tap into 350 million Pinterest users.Read more: As Shopify Passes RBC, Canada Market Curse Gets Put to TestRetail giant Canadian Tire Corp. reported a net loss in the first quarter as comparable store sales at Canadian Tire outlets grew a mere 0.7% and revenue at its SportChek banner declined. It withdrew its three-year financial “aspirations” forecast due to the uncertainty and severity of the health crisis.The venerable Canadian retailer did get on the e-commerce bandwagon with digital sales rising 44% in the three months.Future DealsAs we wait to hear from Canada’s Big Six banks, which make up about 19% of the TSX Composite, insurers have already started to report.Sun Life Financial Inc. had a 7.4% increase in underlying earnings that topped analysts’ estimates. Still, it saw its biggest drop in net income since 2017, with a 37% decline that CEO Dean Connor attributed to market declines brought on by the pandemic.One silver lining: Connor expects more takeover opportunities to arise because of the coronavirus pandemic. Sun Life will use extra stress-test criteria to evaluate any potential takeovers, beyond what it would have used during normal times, he said.Manulife Financial Corp. CEO Roy Gori sees a tougher road ahead. The insurer posted its biggest drop in earnings in more than seven years and the second quarter “will be perhaps more challenging than even Q1, and the operating and macroeconomic environments are obviously incredibly challenging and difficult to predict,” Gori said in an interview.On REITs and RentsSkipped rents and deferrals have taken a toll on Canada’s real estate sector.RioCan Real Estate Investment Trust is freezing new and early stage projects to cut costs during the coronavirus pandemic as more tenants failed to pay their April rent. The Toronto-based REIT said it collected 55% of its rent during the month. The company expects 28% to still be received and has agreed to deferrals for 17% of its tenants. RioCan withdrew its guidance last month.Oil GloomCanadian energy companies are in cash-preservation mode, announcing plans to cut as much as C$11.4 billion in capital spending, with Suncor Energy Inc. and Canadian Natural Resources Ltd. each disclosing their second rounds of reductions last week.Canadian Natural surprised the market by maintaining its quarterly dividend of 42.5 Canadian cents a share after Suncor slashed its payout by 55%.Here’s one bright spot: Pipeline giant Enbridge Inc.’s results were well received by analysts as the company reaffirmed its 2020 guidance for distributable cash flow. Enbridge also elected to cut jobs, lower executive pay and defer some capital spending.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Investing.com

    RBC Capital Sticks to Their Hold Rating for Gildan Activewear

    RBC Capital analyst Sabahat Khan maintained a Hold rating on Gildan Activewear (NYSE:GIL) on Monday, setting a price target of $14, which is approximately 1.52% above the present share price of $13.79.

  • GlobeNewswire

    Gildan Activewear Reports on Shareholders’ Voting Results for the Election of Directors

    MONTRÉAL, April 30, 2020 -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that the eleven nominees proposed as directors in its management proxy circular.

  • Gildan Activewear (GIL) Misses Q1 Earnings and Revenue Estimates
    Zacks

    Gildan Activewear (GIL) Misses Q1 Earnings and Revenue Estimates

    Gildan (GIL) delivered earnings and revenue surprises of -40.00% and -2.03%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Gildan Activewear Reports First Quarter 2020 Results

    Gildan Activewear Inc. (GIL:TSX and NYSE) today announced its results for the first quarter ended March 29, 2020. This required us to amplify our focus on what we do best and on what we can do to support all our stakeholders as a values-driven, strong, resilient, and well-positioned Company.

  • Earnings Preview: Gildan Activewear (GIL) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Gildan Activewear (GIL) Q1 Earnings Expected to Decline

    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.

  • GlobeNewswire

    Gildan Activewear Announces Dates for First Quarter 2020 Earnings Release and Annual General Meeting of Shareholders

    Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2020 first quarter results on Wednesday, April 29, 2020. A live audio webcast of the conference call, as well as a replay, will be available on our corporate site at Gildan Q1 2020 audio webcast. In light of the impact of the COVID-19 pandemic on public health and to mitigate the risks to the health and safety of our shareholders, employees and other stakeholders, we will hold our Annual Meeting of Shareholders in a virtual-only format, which will be conducted via live audio webcast.

  • GlobeNewswire

    Gildan Activewear to start producing personal protective equipment to help slow the spread of COVID-19

    Gildan Activewear Inc. (GIL:TSX and NYSE) today announced that it has joined forces with various business partners to leverage its manufacturing facilities to produce non-medical face masks and isolation gowns in support of the global fight against the COVID-19 pandemic. Gildan is working with one of its customers in the imprintables channel to support a cooperative consortium of major apparel and textile companies to help produce non-medical face masks to be distributed to support hospitals, health care workers and others battling the spread of the COVID-19 virus. Both the design and textile fabric to be used in the production of these masks are being provided by partners of the consortium who are working in collaboration to lessen the major shortage of face masks.

  • GlobeNewswire

    Gildan Activewear Provides Update Related to COVID-19

    1 Please refer to "Non-GAAP financial measures" in this press release.MONTREAL, March 23, 2020 -- Gildan Activewear Inc. (GIL: TSX and NYSE) today provided an update in.

  • How Does Gildan Activewear's (TSE:GIL) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does Gildan Activewear's (TSE:GIL) P/E Compare To Its Industry, After The Share Price Drop?

    To the annoyance of some shareholders, Gildan Activewear (TSE:GIL) shares are down a considerable 57% in the last...

  • GlobeNewswire

    Gildan announces three-year partnership with Beale Racing as title sponsor

    Gildan announced the launch of a multi-year partnership with the Beale Racing team, featuring Gildan® as the primary sponsor while also providing visibility to the American Apparel®, Comfort Colors® and Prim + Preux® brands. As part of the partnership, Beale Racing will advertise Gildan’s brands on cars, uniforms and all merchandise during 30 plus race events across the United States. “We are excited to partner with Beale Racing once more to strengthen the visibility of our brands and continue to position our apparel as a preferred choice in the motorsports industry” says Mike Hoffman, President, Sales, Marketing and Distribution, for Gildan.

  • Is Gildan Activewear Inc.'s (TSE:GIL) CEO Pay Fair?
    Simply Wall St.

    Is Gildan Activewear Inc.'s (TSE:GIL) CEO Pay Fair?

    Glenn Chamandy became the CEO of Gildan Activewear Inc. (TSE:GIL) in 2004. This analysis aims first to contrast CEO...

  • GlobeNewswire

    Gildan 2019 Annual Report Available Online

    MONTREAL, Feb. 21, 2020 -- Gildan Activewear Inc. (GIL: TSX and NYSE) announced today that it has filed its 2019 annual report on Form 40-F with the U.S. Securities and.

  • Gildan Activewear (GIL) Q4 Earnings Meet Estimates
    Zacks

    Gildan Activewear (GIL) Q4 Earnings Meet Estimates

    Gildan (GIL) delivered earnings and revenue surprises of 0.00% and -1.38%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Gildan Activewear Reports Fourth Quarter and Full Year 2019 Results and Initiates Guidance for 2020

    Full year net sales, adjusted diluted EPS1 and free cash flow1 in line with Company guidanceNet sales of $658.7 million in the quarter, after reflecting impact of a $19 million.

  • Earnings Preview: Gildan Activewear (GIL) Q4 Earnings Expected to Decline
    Zacks

    Earnings Preview: Gildan Activewear (GIL) Q4 Earnings Expected to Decline

    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.

  • GIII or GIL: Which Is the Better Value Stock Right Now?
    Zacks

    GIII or GIL: Which Is the Better Value Stock Right Now?

    GIII vs. GIL: Which Stock Is the Better Value Option?

  • GlobeNewswire

    Gildan Activewear Announces Date for Fourth Quarter and Full Year 2019 Earnings Release

    MONTREAL, Feb. 05, 2020 -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2019 fourth quarter and full year results on Thursday, February 20th, 2020. A press.

  • GlobeNewswire

    Gildan receives Bronze Class Distinction in the 2020 SAM Sustainability Yearbook

    Gildan Activewear Inc. (GIL:TSX and NYSE) is pleased to announce that the Company has been included in the 2020 SAM Sustainability Yearbook for the eighth-consecutive year. This year, Gildan received a Bronze Class distinction signifying that Gildan achieved a mark between 5% to 10% of the top scores in the Textiles, Apparel and Luxury Goods industry. Gildan is the only North American company to be included amongst the 2020 Sustainability Leaders in this sector.

  • Despite Its High P/E Ratio, Is Gildan Activewear Inc. (TSE:GIL) Still Undervalued?
    Simply Wall St.

    Despite Its High P/E Ratio, Is Gildan Activewear Inc. (TSE:GIL) Still Undervalued?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...

  • Virus Dread Roils Canada’s Stocks as Growth Fear Bites
    Bloomberg

    Virus Dread Roils Canada’s Stocks as Growth Fear Bites

    (Bloomberg) -- The virus outbreak that rattled global markets this week shook some of Canada’s stock pillars.While the nation hasn’t yet reported any coronavirus case, the disease rekindled memories of the severe acute respiratory syndrome, or SARS, that killed almost 800 people about 17 years ago, including 44 in Canada. Back then, travelers avoided Toronto -- which had the most deaths from the illness outside Asia -- spurring quarterly losses for airline behemoth Air Canada.That explains part of this week’s violent reaction from traders, who sent the stock tumbling the most since December 2018. The other reason is economic. Mounting concerns that the deadly disease could further crimp demand from China -- where the virus originated -- sank commodity prices. As a result, heavy-weight Canadian energy companies posted weekly losses of as much as 15%, joining a plunge in some of the nation’s mining giants.Get updates on the coronavirus outbreak hereThe virus scare almost wiped out weekly gains in Canada’s stock benchmark, adding to concern over a further deterioration of the nation’s fragile economy. Lackluster consumer spending was one of the main reasons the Bank of Canada abruptly changed messaging at an interest-rate decision Wednesday, as officials expressed concern that a sharp economic slowdown in the fourth quarter may persist.Air Canada plunged about 8% on the week. During the outbreak from 2002-2003, the World Health Organization imposed a travel advisory on Toronto due to an outbreak in the nation’s biggest city.Baytex Energy Corp. and Enerplus Corp. tumbled as oil sold off. Lundin Mining Corp., Taseko Mines Ltd. and Teck Resources Ltd. paced losses in industrial metal miners as the price of copper sank on concerns that global growth could slow.Read more: Spread of Chinese Virus Would Test Canada’s Economic ResilienceShould the disease become an epidemic, it could drag down consumer discretionary stocks:Canada Goose Holdings Inc. and Gildan Activewear Inc. could see a decline in earnings.On the flipside, Maple Leaf Foods Inc. could fetch higher pork prices should the virus hit animal products in China, creating a deficit.Imax Corp., a Mississauga, Ontario-based company listed in the U.S., received about 30% of its 2018 revenue from China. Its stock slumped about 13% this week.Markets -- Just The NumbersEconomyBank of Canada Governor Stephen Poloz said the door is open for interest rate cuts if the current economic slowdown persists. While the central bank left the key rate unchanged at 1.75%, Poloz said growing slack in the economy threatens to damp inflation pressures.Still, retail sales numbers released Friday helped ease some concerns about recent weakness in household spending. About 0.9% more goods were sold in November, largely offsetting October’s 1.1% decline:“The beat on expectations looks less impressive in the details: auto sales revived, but most everything else was pretty weak. This print doesn’t change our view that momentum significantly weakened in Q4 and portends rate cuts from the BOC.” -- Brett House, deputy chief economist at Bank of Nova Scotia.Up next, November gross domestic product and December industrial product price data are due on Jan. 31.Chart of The WeekPoliticsParliament resumes Monday after Christmas break, with ratification of the new Nafta the first order of business. Deputy Prime Minister Chrystia Freeland said on a Bloomberg Television interview in Davos, Switzerland, the new Nafta is a priority in parliament and the nation can achieve cross-party support for the legislation.Finance Minister Bill Morneau also said in a Bloomberg interview in Davos that the choice of the next Bank of Canada governor will be made in the “not-too-distant future” and whoever replaces Poloz will need to continue to invoke confidence in markets.TrendingInCanadaA Winnipeg bakery blasted critics after Prime Minister Justin Trudeau stopped by the store to purchase donuts during a government retreat in the province. Twitteratis lambasted Trudeau for paying for pricey donuts when he could have spent less at Tim Hortons.(Corrects to show that Imax Corp. doesn’t have 70,000 theaters.)\--With assistance from Aoyon Ashraf, Shelly Hagan, Michael Bellusci and Esteban Duarte.To contact the reporter on this story: Divya Balji in Toronto at dbalji1@bloomberg.netTo contact the editors responsible for this story: Kyung Bok Cho at kcho7@bloomberg.net, ;Jeremy Herron at jherron8@bloomberg.net, Rita Nazareth, David ScanlanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GlobeNewswire

    Gildan reaches Leadership level in CDP's 2019 scores for corporate transparency and action on climate change

    MONTREAL, Jan. 23, 2020 -- Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to have been included in the leadership band in CDP’s 2019 scores for corporate transparency.

  • New Strong Sell Stocks for December 12th
    Zacks

    New Strong Sell Stocks for December 12th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • GES vs. GIL: Which Stock Is the Better Value Option?
    Zacks

    GES vs. GIL: Which Stock Is the Better Value Option?

    GES vs. GIL: Which Stock Is the Better Value Option?

  • 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.