Gildan Activewear, Inc. (GIL) Hit a 52 Week High, Can the Run Continue?

Company Performance - Gildan Activewear's shares have increased by 51.6% since the beginning of the year, outperforming the Zacks Consumer Discretionary sector's 15.6% increase and the Zacks Textile - Apparel industry's decline of 9.3% [1] - The stock reached a new 52-week high of $50.6 recently, with a 2% increase over the past month [1] Earnings and Revenue Forecast - For the current fiscal year, Gildan is projected to achieve earnings of $2.97 per share on revenues of $3.24 billion, reflecting a 15.56% increase in EPS and a 1.49% increase in revenues [3] - The next fiscal year is expected to see earnings of $3.38 per share on $3.4 billion in revenues, indicating a year-over-year change of 13.8% in EPS and 4.69% in revenues [3] Valuation Metrics - Gildan's current trading metrics include a P/E ratio of 16.9X for the current fiscal year EPS estimates, which is below the peer industry average of 20.5X [7] - The stock has a trailing cash flow basis P/E of 14.9X compared to the peer group's average of 9.4X, and a PEG ratio of 1.87 [7] Zacks Rank and Style Scores - Gildan holds a Zacks Rank of 2 (Buy) due to favorable earnings estimate revisions from analysts [8] - The company has a Value Score of B, a Growth Score of B, and a Momentum Score of D, resulting in a combined VGM Score of B [6][8] Industry Comparison - The Textile - Apparel industry is currently in the top 22% of all industries, indicating positive market conditions that could benefit Gildan and its peers [11] - Superior Group of Companies, a peer in the industry, has a Zacks Rank of 2 (Buy) and strong earnings performance, suggesting competitive dynamics within the sector [9][10]