
TSE:GIL
This summary was created by AI, based on 4 opinions in the last 12 months.
Gildan Activewear Inc. (GIL-T) is experiencing a challenging phase in its stock performance, with a notable drop of 23% recently, prompting concerns about a potential new downtrend. While the company's management is recognized for its effectiveness, particularly following the acquisition of Hanes, which offers a significant opportunity for improvement, there are divergent views on its short-term prospects. Some analysts suggest holding onto the stock while observing its behavior around the $60 mark, indicating a potential sell opportunity if it fails to bounce back. Meanwhile, Gildan's competitive edge lies in its vertically integrated supply chain, allowing it to maintain margin expansions amidst industry challenges. The overall sentiment leans towards optimism regarding future growth, especially with an expected price target indicating a 16% upside potential.
Got nervous about this when the price of cotton got beaten up. That has all settled down. Management has shown again that they are great management. Good product. Have the market on T-shirts nailed down and he thinks that is likely to continue. If you are a long-term investor, this will do okay, but wait for the market to settle down.
Just announced that they are looking to expanding some of their spinning facilities. They are always expanding their manufacturing facilities globally.