Gildan Activewear Stock Hits New 52-Week High (GIL)
Gildan Activewear (NYSE:GIL) hit a new 52-week high Tuesday as it changed hands at $32.83 compared with its previous 52-week high of $32.73. Gildan Activewear is currently trading at $32.83 with 313,995 shares changing hands as of 11:16 a.m.
NEW YORK ( TheStreet) -- Gildan Activewear (NYSE: GIL) hit a new 52-week high Tuesday as it traded at $32.83 compared with its previous 52-Week high of $32.73. Gildan Activewear is changing hands at $32.83 with 313,995 shares traded as of 11:16 a.m. ET. Average volume has been 454,400 shares over the past 30 days. Gildan Activewear has a market cap of $3.7 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 10% year to date as of the close of trading on Monday. Gildan Activewear Inc. manufactures and sells T-shirts, activewear, underwear, and socks to wholesale screen printers, embroiderers, and retailers in North America, Europe, and internationally. It sells T-shirts, fleece, and sport shirts under the Gildan brand name. The company has a P/E ratio of 18, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 15.8.
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TheStreet Ratings rates Gildan Activewear as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Gildan Activewear Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
The troubled retailer, which plans to sell its intellectual property to Gildan Activewear, emerged from a previous bankruptcy only in February and pushed its U.K. business into administration last week.