Canada Goose (TSE:GOOS) Reaches New 52-Week Low – What’s Next?

Canada Goose Holdings Inc. (TSE:GOOS)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as C$12.80 and last traded at C$13.06, with a volume of 19415 shares. The stock had previously closed at C$12.83.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price objective on Canada Goose from C$22.00 to C$19.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$22.00.

Canada Goose Stock Performance

The firm has a market capitalization of C$1.29 billion, a P/E ratio of 57.74, a P/E/G ratio of 0.61 and a beta of 1.88. The stock has a fifty day simple moving average of C$15.18 and a two-hundred day simple moving average of C$16.83. The company has a debt-to-equity ratio of 129.06, a current ratio of 2.63 and a quick ratio of 0.69.

Canada Goose (TSE:GOOS) last issued its earnings results on Thursday, May 14th. The company reported C$0.37 earnings per share for the quarter. The business had revenue of C$453.30 million during the quarter. Canada Goose had a return on equity of 4.29% and a net margin of 1.47%. On average, research analysts predict that Canada Goose Holdings Inc. will post 1.6222664 EPS for the current year.

Canada Goose Company Profile

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.