All three stocks hail from the apparel manufacturing industry group. Gildan ranks below FIGS stock and GOOS stock with a 90 Composite Rating, but tops both in terms of growth estimates for the current quarter. After posting 700% EPS growth last quarter, analysts expect Gildan Activewear to deliver a 152% spike in earnings for Q2.
The company has also posted a solid rebound in revenue growth, jumping from several quarters of declining growth to a 28% sales increase last quarter.
Gildan Among World’s Top 100 Most Sustainably Managed Companies
With approximately 25 company-owned factories around the globe, Gildan Interactive is one of the world’s largest vertically integrated manufacturers of apparel, socks and hosiery. The company specializes in selling its products in bulk to printers, brands or companies who then choose how to decorate them.
In 2020, The Wall Street Journal announced its new ranking of the Top 100 Most Sustainably Managed Companies in the world. Gildan ranked No. 32 overall. It also claimed the No. 6 spot among the Top 10 in the world in the business model/innovation sub-ranking.
Earlier this month, Gildan launched a new virtual portal for its printwear brands. Among the new features, the website now gives customers the ability to compare product styles against each other, including, fit, fabric weight, fabric content and other key attributes.
Gildan Trying To Activate New Breakout Move
With its relative strength line already hitting a 52-week high, Gildan is just shy of a 38.24 buy point.
Following a steep decline that began in July 2019, Gildan stock sprinted to a 305% gain off its coronavirus lows of March 2020. Showing strong support, the stock has continued to run up right along its 10-week moving average.
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