Canada Goose (TSE:GOOS) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Canada Goose Holdings Inc. (TSE:GOOS – Get Free Report)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$11.09 and traded as high as C$11.29. Canada Goose shares last traded at C$11.21, with a volume of 329,713 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company lowered 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 target price on Canada Goose and gave the company a “buy” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Canada Goose presently has an average rating of “Hold” and a consensus price target of C$12.50.

Read Our Latest Analysis on GOOS

Canada Goose Price Performance

The stock’s 50 day moving average is C$11.09 and its two-hundred day moving average is C$13.87. 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 stock has a market capitalization of C$1.09 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 0.61 and a beta of 1.64.

Canada Goose (TSE:GOOS – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported C($0.89) earnings per share 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. As a group, sell-side analysts forecast that Canada Goose Holdings Inc. will post 1.62 earnings per share for the current fiscal year.

About Canada Goose

(Get Free Report)

Canada Goose is dedicated to empowering discovery and pushing boundaries in design, functionality, and style. Inspired by our Canadian heritage, we craft high-performance outerwear, apparel, footwear, and accessories that elevate craftsmanship and embrace individuality. Rooted in resilience and driven by a pioneering spirit, we embolden explorers to thrive in all environments while preserving the planet they roam.

Further Reading

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