Canada Goose (TSE:GOOS) Hits New 1-Year Low – Here’s What Happened

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

Wall Street Analyst Weigh In

Several research firms have 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 report on Monday, August 24th. Bank of America set a C$15.00 price target on Canada Goose and gave the company a “buy” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Canada Goose presently has a consensus rating of “Hold” and a consensus target price of C$12.50.

Canada Goose Stock Down 1.4%

The company has a debt-to-equity ratio of 158.47, a current ratio of 2.33 and a quick ratio of 0.69. The business has a 50 day simple moving average of C$12.43 and a 200 day simple moving average of C$13.97. The stock has a market cap of C$1.03 billion, a PE ratio of 17.81, a P/E/G ratio of 0.61 and a beta of 1.60.

Canada Goose (TSE:GOOS) last announced 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 firm had revenue of C$118.90 million during the quarter. On average, equities research analysts forecast that Canada Goose Holdings Inc. will post 1.6222664 EPS for the current fiscal 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.