What’s Propelling Gildan Activewear Inc to Decline So Much?

 What's Propelling Gildan Activewear Inc to Decline So Much?

The stock of Gildan Activewear Inc (TSE:GIL) is a huge mover today! About 47,466 shares traded hands. Gildan Activewear Inc (TSE:GIL) has declined 4.55% since April 20, 2016 and is downtrending. It has underperformed by 9.96% the S&P500.
The move comes after 8 months negative chart setup for the $8.81B company. It was reported on Nov, 24 by Barchart.com. We have $34.77 PT which if reached, will make TSE:GIL worth $528.60 million less.

Gildan Activewear Inc (TSE:GIL) Ratings Coverage

Out of 4 analysts covering Gildan Activewear Inc. (TSE:GIL), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Gildan Activewear Inc. has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, October 17 report. On Wednesday, July 20 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Outperform” rating on Monday, October 26 by National Bank Canada.

More important recent Gildan Activewear Inc (TSE:GIL) news were published by: Forbes.com which released: “American Apparel Agrees To Gildan Activewear Acquisition” on November 14, 2016, also Forbes.com published article titled: “Gildan Activewear is Oversold”, Forbes.com published: “Ex-Dividend Reminder: Gildan Activewear, Metaldyne Performance Group and PACCAR” on November 14, 2016. More interesting news about Gildan Activewear Inc (TSE:GIL) was released by: Benzinga.com and their article: “Oxford Industries And Gildan Activewear: Citi Suggests A Pair Trade” with publication date: November 15, 2016.

Gildan Activewear Inc. is a manufacturer and marketer of branded basic family apparel. The company has a market cap of $8.81 billion. The Company’s divisions include Printwear and Branded Apparel. It has a 19.15 P/E ratio. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear.

GIL.TO Company Profile

Gildan Activewear Inc., incorporated on May 8, 1984, is a maker and marketer of branded basic family apparel. The Company’s divisions include Printwear and Branded Apparel. The Firm offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Firm markets its products through approximately two main distribution channels. The Firm sells its products in printwear markets in the United States and Canada, as well as in Europe, Asia-Pacific and Latin America. The Company’s other main channel of distribution is in retail markets in the United States and Canada, where its products are sold to a range of retailers. It markets its products under a portfolio of brands, including the Gildan, Gold Toe, Anvil and Comfort Colors brands, and brand extensions, as well as the Secret, Silks and Therapy Plus brands. The Firm also has the United States sock license for Under Armour, and licenses for the Mossy Oak and New Balance brands. The Firm also makes for global athletic and lifestyle consumer brands.

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