Canada Goose (TSE:GOOS) Stock Price Up 0.3% – Here’s What Happened

Canada Goose Holdings Inc. (TSE:GOOS)’s share price rose 0.3% on Tuesday. The company traded as high as C$10.99 and last traded at C$10.89. 223,484 shares changed hands during trading, an increase of 23% from the average daily volume of 182,091 shares. The stock had previously closed at C$10.86.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Bank of America set a C$15.00 price objective on Canada Goose and gave the company a “buy” rating in a research note on Wednesday, August 5th. Wells Fargo & Company cut Canada Goose from an “overweight” rating to an “underweight” rating and set a C$10.00 target price for the company. in a research note on Monday, August 24th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$12.50.

Canada Goose Stock Up 0.3%

The company has a current ratio of 2.33, a quick ratio of 0.69 and a debt-to-equity ratio of 158.47. The stock’s 50-day moving average is C$11.39 and its 200-day moving average is C$13.30. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 0.61 and a beta of 1.64.

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 return on equity of 10.37% and a net margin of 3.70%.The company had revenue of C$118.90 million during the quarter. On average, 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.