Canada Goose (TSE:GOOS) Stock Jumps 0.3% – Time to Buy?

Shares of Canada Goose Holdings Inc. (TSE:GOOS) shot up 0.3% during mid-day trading on Tuesday. The stock traded as high as C$10.99 and last traded at C$10.89. 223,484 shares changed hands during trading, an increase of 23% from the average session volume of 182,091 shares. The stock had previously closed at C$10.86.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GOOS. Wells Fargo & Company cut shares of Canada Goose from an “overweight” rating to an “underweight” rating and set a C$10.00 price objective on the stock. in a research note on Monday, August 24th. Bank of America set a C$15.00 target price on Canada Goose and gave the stock a “buy” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Canada Goose presently has a consensus rating of “Hold” and an average target price of C$12.50.

Canada Goose Price Performance

The company has a fifty day moving average of C$11.39 and a 200 day moving average of C$13.30. The firm has a market capitalization of C$1.06 billion, a P/E ratio of 18.46, a PEG ratio of 0.61 and a beta of 1.64. The company has a debt-to-equity ratio of 158.47, a current ratio of 2.33 and a quick ratio of 0.69.

Canada Goose (TSE:GOOS) last released its quarterly earnings results on Thursday, July 30th. The company reported C($0.89) earnings per share (EPS) for the quarter. The firm had revenue of C$118.90 million for the quarter. Canada Goose had a return on equity of 10.37% and a net margin of 3.70%. Sell-side analysts predict that Canada Goose Holdings Inc. will post 1.6222664 earnings per share for the current year.

About Canada Goose

Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in the luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, and individual shops, and to international distributors.