Gildan Activewear Inc. is vertically-integrated global manufacturer and marketer of basic apparel products for customers. It sells active wear products to screen print markets in North America, Europe and other international markets as well as selling socks and underwear.
The P/E ratio looks expensive at 21, but it’s not much over the five year average of 18.5. The dividend yield is 0.9%, but debt to equity is just 12%. Institutional ownership, a vote of confidence by professional money managers, is 85%. 11 of 17 analysts rate the stock a buy and just 1 rates it a sell.
It appears to be a well-managed company that is relatively stable. Given the recent volatility, the fact that it’s now on my radar may be a reflection of its stability.