Set Your Sights On Gildan Activewear Inc (NYSE: GIL)’S Upside Potential

Gildan Activewear Inc (GIL) concluded trading on Wednesday at a closing price of $49.01, with 4.46 million shares of worth about $218.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.51% during that period and on November 20, 2024 the price saw a gain of about 0.20%. Currently the company’s common shares owned by public are about 169.99M shares, out of which, 150.11M shares are available for trading.

Stock saw a price change of 1.09% in past 5 days and over the past one month there was a price change of 4.68%. Year-to-date (YTD), GIL shares are showing a performance of 48.25% which increased to 36.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.68 but also hit the highest price of $50.58 during that period. The average intraday trading volume for Gildan Activewear Inc shares is 605.46K. The stock is currently trading 0.42% above its 20-day simple moving average (SMA20), while that difference is up 3.01% for SMA50 and it goes to 22.15% higher than SMA200.

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Gildan Activewear Inc (NYSE: GIL) currently have 169.99M outstanding shares and institutions hold larger chunk of about 78.15% of that.

The stock has a current market capitalization of $10.57B and its 3Y-monthly beta is at 1.42. PE ratio of stock for trailing 12 months is 19.44, while it has posted earnings per share of $2.52 in the same period. Its PEG reads 4.76 and has Quick Ratio of 0.98 while making debt-to-equity ratio of 1.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GIL, volatility over the week remained 1.53% while standing at 1.94% over the month.

Stock’s fiscal year EPS is expected to rise by 16.12% while it is estimated to increase by 15.79% in next year. EPS is likely to shrink at an annualized rate of 4.08% for next 5-years, compared to annual growth of 12.82% made by the stock over the past 5-years.

On December 07, 2023, Edward Jones Downgrade their recommendations, while on August 04, 2023, TD Securities Upgrade their ratings for the stock with a price target of $38. Stock get a Buy rating from Stifel on May 02, 2023.

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