Gildan
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 Q3 regulatory filings by fund managers ($100M+ AUM)
66% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 32
10% more capital invested
Capital invested by funds: $4.95B [Q2] → $5.42B (+$475M) [Q3]
7% more funds holding
Funds holding: 281 [Q2] → 302 (+21) [Q3]
6.63% less ownership
Funds ownership: 77.35% [Q2] → 70.72% (-6.63%) [Q3]
22% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 119
36% less funds holding in top 10
Funds holding in top 10: 11 [Q2] → 7 (-4) [Q3]
62% less call options, than puts
Call options by funds: $7.24M | Put options by funds: $18.8M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
BMO Capital Stephen MacLeod 75% 1-year accuracy 3 / 4 met price target | 24%upside $58 | Outperform Maintained | 1 Nov 2024 |
Stifel Martin Landry 100% 1-year accuracy 2 / 2 met price target | 15%upside $54 | Buy Maintained | 3 Oct 2024 |
Financial journalist opinion
Based on 7 articles about GIL published over the past 30 days
