Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Gildan Activewear Inc (USA) before investing.

In this article, we go over a few key elements for understanding Gildan Activewear Inc (USA)’s stock price such as:

• Gildan Activewear Inc (USA)’s current stock price and volume
• Why Gildan Activewear Inc (USA)’s stock price changed recently
• Upgrades and downgrades for GIL from analysts
• GIL’s stock price momentum as measured by its relative strength

About Gildan Activewear Inc (USA) (GIL)

Before we jump into Gildan Activewear Inc (USA)’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Gildan Activewear Inc. is a vertically integrated manufacturer of everyday basic apparel, including activewear, underwear, and hosiery products. Its primary product categories include activewear tops and bottoms (activewear), socks (hosiery), and underwear tops and bottoms (underwear). Its activewear product lines include T-shirts, fleece tops and bottoms, and sports shirts. Its hosiery product lines include athletic, dress, casual and workwear socks, liner socks and socks for therapeutic purposes. Its underwear product lines include men's and boy's underwear (tops and bottoms) and ladies’ panties. It markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands, including Gildan, American Apparel, Comfort Colors, GOLDTOE and Peds. It also sells socks under the Under Armour brand in the United States and Canada. It has manufacturing facilities in Central America, the Caribbean, North America, and Bangladesh.

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Gildan Activewear Inc (USA)’s Stock Price as of Market Close

As of May 24, 2024, 4:00 PM, CST, Gildan Activewear Inc (USA)’s stock price was $37.62.

Gildan Activewear Inc (USA) is up 5.82% from its previous closing price of $35.55.

During the last market session, Gildan Activewear Inc (USA)’s stock traded between $35.43 and $36.15. Currently, there are 168.87 million shares of Gildan Activewear Inc (USA) stock available for purchase.

Gildan Activewear Inc (USA)’s price-earnings (P/E) ratio is currently at 12.0, which is low compared to the Apparel & Accessories industry median of 20.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Gildan Activewear Inc (USA) Stock Price History

Gildan Activewear Inc (USA)’s (GIL) price is currently up 8.54% so far this month.

During the month of May, Gildan Activewear Inc (USA)’s stock price has reached a high of $37.69 and a low of $32.23.

Over the last year, Gildan Activewear Inc (USA) has hit prices as high as $38.87 and as low as $26.98. Year to date, Gildan Activewear Inc (USA)’s stock is up 37.3%.

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What Caused Gildan Activewear Inc (USA) Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 23, 2024, there were 7 analysts who downgraded Gildan Activewear Inc (USA)’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Gildan Activewear Inc (USA)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Gildan Activewear Inc (USA)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Gildan Activewear Inc (USA)’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Gildan Activewear Inc (USA) (GIL) by visiting AAII Stock Evaluator.

Relative Price Strength of Gildan Activewear Inc (USA)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 23, 2024, Gildan Activewear Inc (USA) has a weighted four-quarter relative price strength of -0.20%, which translates to a Momentum Score of 67 and is considered to be Strong.

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Gildan Activewear Inc (USA) Stock Price: Bottom Line

As of May 24, 2024, Gildan Activewear Inc (USA)’s stock price is $37.62, which is up 5.82% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Gildan Activewear Inc (USA) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.