GIL Stock Recent News

Investors interested in stocks from the Textile - Apparel sector have probably already heard of Gildan Activewear (GIL) and LVMH-Moet Hennessy Louis Vuitton SA (LVMUY). But which of these two companies is the best option for those looking for undervalued stocks?

Here is how Gildan Activewear (GIL) and The RealReal (REAL) have performed compared to their sector so far this year.

Investors with an interest in Textile - Apparel stocks have likely encountered both Gildan Activewear (GIL) and LVMH-Moet Hennessy Louis Vuitton SA (LVMUY). But which of these two stocks presents investors with the better value opportunity right now?

Gildan Activewear (NYSE: GIL ) stock is on the rise Wednesday as investors react to the apparel company confirming reports that it's considering a sale of the business. According to the latest reports, private equity firm Sycamore Partners is considering a bid for Gildan Activewear.

Gildan (GIL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Trading in shares of Gildan Activewear (GIL) was paused on Tuesday after the stock jumped following reports the board was exploring selling the company.

Shares of Gildan Activewear Inc. jumped on Tuesday following a report that the T-shirt maker had been put up for sale, marking the latest drama over the company's leadership plans.

MONTREAL, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) will report its 2023 fourth quarter and full year results on Wednesday, February 21st, 2024. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 8434821 #. A replay will be available for 7 days starting at 12:30 PM ET by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as well as a replay, will be available at the following link Gildan Q4 2023 audio webcast.

Gildan Activewear said on Monday that it will hold a special election to determine if ousted CEO Glenn Chamandy will return.

Gildan Activewear is a vertically integrated manufacturer specializing in everyday basic apparel with a product range including activewear, underwear, and hosiery items. I rate shares as "Buy" with a fair value of $44.85/share. Catalysts include a strong value proposition, expected input costs deflation, and new leadership.