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

Shares of Canada Goose Holdings Inc. (TSE:GOOS) hit a new 52-week low on Wednesday . The stock traded as low as C$12.00 and last traded at C$12.10, with a volume of 147408 shares. The stock had previously closed at C$12.16.

Wall Street Analysts Forecast Growth

Separately, Bank of America set a C$15.00 price target on Canada Goose and gave the company a “buy” rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Canada Goose presently has a consensus rating of “Buy” and a consensus target price of C$19.67.

Canada Goose Stock Performance

The company has a debt-to-equity ratio of 158.47, a quick ratio of 0.69 and a current ratio of 2.33. The firm’s 50 day moving average is C$13.26 and its 200-day moving average is C$14.66. The firm has a market cap of C$1.19 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71.

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