GildanGIL
Market Cap: $7.16B
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: 47,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
162% more call options, than puts
Call options by funds: $10.6M | Put options by funds: $4.03M
51% more repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 83
10% more funds holding in top 10
Funds holding in top 10: 10 [Q1] → 11 (+1) [Q2]
1.08% more ownership
Funds ownership: 75.8% [Q1] → 76.88% (+1.08%) [Q2]
4% more capital invested
Capital invested by funds: $4.75B [Q1] → $4.92B (+$168M) [Q2]
1% less funds holding
Funds holding: 283 [Q1] → 281 (-2) [Q2]
5% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 38
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
RBC Capital Tom Callaghan 100% 1-year accuracy 6 / 6 met price target | 0%downside $44 | Outperform Maintained | 2 Aug 2024 |
Stifel Martin Landry 100% 1-year accuracy 1 / 1 met price target | 16%upside $51 | Buy Upgraded | 2 Aug 2024 |