Gildan Activewear Inc (NYSE: GIL): Is It A Buying Opportunity Again?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Turtle Creek Asset Management Releases Open Letter to Gildan Board Calling on it to Cease its Attempts to Disenfranchise Shareholders.

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Stocks Info

GIL belongs to the Consumer Cyclical sector of the NYSE while operating in the Apparel Manufacturing industry. At the end of the last regular session, the stock closed at $32.40 and fluctuated between $32.54 as its day high and $32.13 as its day low. The current market capitalization of Gildan Activewear Inc is $5.58B. A total of 0.65 million shares were traded on the day, compared to an average of 974.85K shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Gildan Activewear Inc pays an annual dividend of $0.73, resulting in a dividend yield of 2.26%, and it has a price to earnings (P/E) ratio of 12.42. GIL’s most recent ex-dividend date was 11/21/2023 when it declared a $0.1860 quarterly dividend that was paid in cash on 12/18/2023. Previously, the company paid the dividend on 9/18/2023 with an ex-dividend date of 8/23/2023. The GIL stock dividend was $0.1860 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for GIL in the last 3 months, the mean price target is $38.57 with high estimates of $43.00 and low estimates of $34.00. In terms of 52-week highs and lows, GIL has a high of $37.65 and a low of $26.98.

As of this writing, GIL has an earnings estimate of $General Mills, Inc. per share for the current quarter. EPS was calculated based on a consensus of Gilead Sciences, Inc. estimates, with a high estimate of $SPDR Bloomberg 1-3 Month T-Bill per share and a lower estimate of $Global Ship Lease Inc New.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. GIL’s latest balance sheet shows that the firm has $179.25M in Cash & Short Term Investments as of fiscal 2021. There were $709.10M in debt and $463.60M in liabilities at the time. Its Book Value Per Share was $11.45, while its Total Shareholder’s Equity was $1.92B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.27.

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