Canada Goose (TSE:GOOS) Hits New 1-Year Low – Here’s Why

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

Analyst Upgrades and Downgrades

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

Canada Goose Trading Down 4.8%

The stock’s fifty day moving average price is C$12.26 and its 200 day moving average price is C$13.84. The stock has a market cap of C$1.01 billion, a P/E ratio of 17.58, a PEG ratio of 0.61 and a beta of 1.60. The company has a current ratio of 2.33, a quick ratio of 0.69 and a debt-to-equity ratio of 158.47.

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