Shares of Gildan Activewear Inc. Class A Sub. Vot. (NYSE:GIL) traded at a new 52-week high today of $38.50. Approximately 186,000 shares have changed hands today, as compared to an average 30-day volume of 362,000 shares.
Gildan Activewear Inc. Class A Sub. Vot. (NYSE:GIL) has potential upside of 641.1% based on a current price of $37.38 and analysts’ consensus price target of $277.02.
Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America. The Montreal-based company generates most of its sales in the U.S. and was incorporated in 1984.
In the past 52 weeks, shares of Gildan Activewear Inc. Class A Sub. Vot. have traded between a low of $14.25 and a high of $38.50 and is now at $37.38, which is 162% above that low price.
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