Canada Goose (TSE:GOOS) Sets New 1-Year Low – Should You Sell?

Canada Goose Holdings Inc. (TSE:GOOS) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$10.38 and last traded at C$10.37, with a volume of 352455 shares. The stock had previously closed at C$10.89.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Bank of America set a C$15.00 target price on shares of Canada Goose and gave the company a “buy” rating in a report on Wednesday, August 5th. Wells Fargo & Company downgraded 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. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$12.50.

Canada Goose Trading Up 0.9%

The company has a 50 day simple moving average of C$12.13 and a 200 day simple moving average of C$13.75. 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 has a market capitalization of C$1.02 billion, a PE ratio of 17.76, a P/E/G ratio of 0.61 and a beta of 1.60.

Canada Goose (TSE:GOOS) last announced its earnings results on Thursday, July 30th. The company reported C($0.89) earnings per share for the quarter. The company had revenue of C$118.90 million during the quarter. Canada Goose had a net margin of 3.70% and a return on equity of 10.37%. Analysts predict 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.