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Sunday, April 2, 2023

It’s Not Over Yet For Gildan Activewear Inc. (NYSE: GIL)

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Gildan Activewear Inc. (GIL) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $32.88. The Gildan Activewear Inc. has recorded 10,047 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Gildan Activewear Reports on the Fourth Quarter and Full Year 2022 Record Results; Provides 2023 Outlook.

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Stocks Info

Gildan Activewear Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Apparel Manufacturing industry. At the end of the last regular session, the stock closed at $32.88 and fluctuated between $33.93 as its day high and $32.84 as its day low. The current market capitalization of Gildan Activewear Inc. is $5.76B. A total of 0.72 million shares were traded on the day, compared to an average of 582.31K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GIL has seen 8 BUY and 0 SELL insider trades, representing the acquisition of 3,798 and the disposition of 0 shares. Over the last 12 months, there were 242 BUYs and 22 SELLs from insiders. Insiders purchased 10,129,843 shares during that period but sold 10,911,144.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Gildan Activewear Inc. pays an annual dividend of $0.74, resulting in a dividend yield of 2.26%, and it has a price to earnings (P/E) ratio of 11.23. GIL’s most recent ex-dividend date was 3/13/2023 when it declared a $0.14 quarterly dividend that was paid in cash on 4/10/2023. Previously, the company paid the dividend on 12/19/2022 with an ex-dividend date of 11/22/2022. The GIL stock dividend was $0.1690 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GIL in the last 3 months, the mean price target is $36.93 with high estimates of $41.00 and low estimates of $31.00. In terms of 52-week highs and lows, GIL has a high of $39.91 and a low of $25.67.

As of this writing, GIL has an earnings estimate of $0.67 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.7 per share and a lower estimate of $0.64. The company reported an EPS of $0.86 in the last quarter, which was 13.20% higher than expectations of $0.76.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GIL is Hold with a score of 4.14. A total of 7 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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