Gildan Activewear Downgraded to Sell

Zacks Investment Research downgraded the Gildan Activewear, Inc. (NYSE: GIL) to sell. This comes after the New York Stock Exchange listed company traded at 0.54 percent lower on April 25 to reach $27.85. The 50 day long moving average of the NYSE stock listed (NYSE: GIL) is $26.50. The 200 day long moving average comes to $26.13. The stock close price went up by 6.60 percent from 200 day moving average. This can be compared to Standard & Poor 500. The latter has increased by 0.03 percent over same time. About 684,737 shares of the GIL stock changed hands. It is a decrease from the average volume calculated to be 765,587. The stock performance of the company in 2017 can only be described as choppy. February saw prices dipping to its lowest.


The PE ratio of Gildan Activewear Inc. is 18.95. The one year low is $23.55 and the high for one year is $32.20. The market capitalization in this case is $0. The stock was analyzed by a total of 15 analysts. Different brokerages gave different advice on what to do with the stock. Six brokerages in total rated Gildan Activewear a good and strong buy. Nine brokerages rated the stock a buy. Three brokers recommended to investors that they hold the stock. Zero number of analysts rated the company as an under-performing one. No analyst rated the stock to sell with a median stock price target amounting to $34.95.

Know Gildan Activewear Inc

Gildan Activewear Inc. manufactures and markets branded family apparel. This includes T-shirts, shapewear, sport shirts, hosiery, fleece, underwear and socks. The company functions via two segments: branded apparel and printwear. The printwear part of the company designs, sources, distribution, manufactures and markets plain activewear products. The branded apparel part designs, sources, markets, manufactures and distributes family apparel. They are, as the name suggests, branded. The list includes athletic, dress socks, activewear, shapewear, legwear, casual and sheer hosiery products. These are sold to retailers both in the United States and also in Canada. The Gildan Activewear sells products it makes under a number of brands. The list of brands include: Gildan, Anvil, American Apparel, Secret, Kushyfoot, Therapy Plus, MediPeds, Peds, Gold Toe, Comfort Colors, Aistyle, Silks and Secret Silky. Gildan Activewear distributes its products bouquet in the printwear markets. The products are sold in United States, Latin America, Canada, Europe and Mexico.

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