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Gildan Activewear Inc T.GIL

Alternate Symbol(s):  GIL

Gildan Activewear Inc. is a vertically integrated manufacturer of everyday basic apparel, including activewear, underwear, and hosiery products. Its primary product categories include activewear tops and bottoms (activewear), socks (hosiery), and underwear tops and bottoms (underwear). Its activewear product lines include T-shirts, fleece tops and bottoms, and sports shirts. Its hosiery product lines include athletic, dress, casual and workwear socks, liner socks and socks for therapeutic purposes. Its underwear product lines include men's and boy's underwear (tops and bottoms) and ladies’ panties. It markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands, including Gildan, American Apparel, Comfort Colors, GOLDTOE and Peds. It also sells socks under the Under Armour brand in the United States and Canada. It has manufacturing facilities in Central America, the Caribbean, North America, and Bangladesh.


TSX:GIL - Post by User

Post by retiredcfon Dec 06, 2021 8:55am
99 Views
Post# 34201500

TD Action List Buy

TD Action List Buy

Deletions

Gildan Activewear Inc. (GIL-N; GIL-T) – November 5, 2021

Following the company reporting Q3/21 results, we removed Gildan from the Action List and moved to a BUY recommendation. Despite having removed Gildan due to price appreciation narrowing our forecast return, we continue to recommend an overweight position. Our investment thesis is unchanged in that we believe there remains a long runway for future earnings/FCF growth for Gildan. We believe its industry-leading cost structure, vertically integrated operations, and forthcoming capacity position it well to gain market share in its targeted verticals. We anticipate attractive near term earnings growth that should lead to heightened investor conviction in its long term earnings potential and lead to a higher share price.


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