Canada Goose (TSE:GOOS) Hits New 12-Month Low – Here’s Why

Canada Goose Holdings Inc. (TSE:GOOS) reached a new 52-week low during trading on Tuesday . The company traded as low as C$11.73 and last traded at C$11.77, with a volume of 286756 shares trading hands. The stock had previously closed at C$12.13.

Analysts Set New Price Targets

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

Canada Goose Stock Down 3.0%

The company has a market capitalization of C$1.15 billion, a PE ratio of 19.95, a P/E/G ratio of 0.61 and a beta of 1.71. 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 firm has a 50 day simple moving average of C$13.19 and a two-hundred day simple moving average of C$14.59.

Canada Goose (TSE:GOOS) last released 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 for the quarter. Research analysts expect that Canada Goose Holdings Inc. will post 1.6222664 EPS for the current 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.