Canada Goose (TSE:GOOS) Reaches New 52-Week Low – Time to Sell?

Shares of Canada Goose Holdings Inc. (TSE:GOOS) reached a new 52-week low on Wednesday . The company traded as low as C$12.80 and last traded at C$13.06, with a volume of 19415 shares changing hands. The stock had previously closed at C$12.83.

Analysts Set New Price Targets

Separately, Wells Fargo & Company decreased their price target on Canada Goose from C$22.00 to C$19.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$22.00.

Canada Goose Price Performance

The company has a quick ratio of 0.69, a current ratio of 2.63 and a debt-to-equity ratio of 129.06. The business’s 50-day moving average is C$15.11 and its two-hundred day moving average is C$16.74. The company has a market capitalization of C$1.31 billion, a P/E ratio of 58.70, a price-to-earnings-growth ratio of 0.61 and a beta of 1.88.

Canada Goose (TSE:GOOS) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.37 earnings per share (EPS) for the quarter. The business had revenue of C$453.30 million during the quarter. Canada Goose had a net margin of 1.47% and a return on equity of 4.29%. As a group, analysts predict that Canada Goose Holdings Inc. will post 1.6222664 earnings per share for the current 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.