Canada Goose (TSE:GOOS) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Canada Goose Holdings Inc. (TSE:GOOS – Get Free Report)’s stock price passed above its 50-day moving average during trading on Thursday. The stock has a 50-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 trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Bank of America set a C$15.00 price target 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 price objective for the company. in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$12.50.

Check Out Our Latest Stock Analysis on Canada Goose

Canada Goose Price Performance

The company 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. 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 company’s 50 day simple moving average is C$11.09 and its 200 day simple moving average is C$13.87.

Canada Goose (TSE:GOOS – Get Free Report) last released its quarterly earnings data 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 for the quarter. Canada Goose had a return on equity of 10.37% and a net margin of 3.70%. As a group, sell-side analysts predict that Canada Goose Holdings Inc. will post 1.62 earnings per share for the current year.

Canada Goose Company Profile

(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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