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

Canada Goose Holdings Inc. (TSE:GOOS)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$11.00 and last traded at C$11.00, with a volume of 74461 shares trading hands. The stock had previously closed at C$11.28.

Analysts Set New Price Targets

A number of research firms have weighed in on GOOS. Wells Fargo & Company lowered Canada Goose from an “overweight” rating to an “underweight” rating and set a C$10.00 target price on the stock. in a research note on Monday, August 24th. Bank of America set a C$15.00 price objective on Canada Goose and gave the stock a “buy” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$12.50.

Canada Goose Trading Down 3.6%

The stock’s 50 day moving average is C$12.54 and its two-hundred day moving average is C$14.06. The company has a market capitalization of C$1.06 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.60. The company has a quick ratio of 0.69, a current ratio of 2.33 and a debt-to-equity ratio of 158.47.

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