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

Canada Goose Holdings Inc. (TSE:GOOS) hit a new 52-week low on Wednesday . The company traded as low as C$12.00 and last traded at C$12.10, with a volume of 147408 shares. The stock had previously closed at C$12.16.

Analyst Ratings Changes

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

Canada Goose Stock Down 0.8%

The firm’s fifty day moving average is C$13.32 and its 200-day moving average is C$14.74. The company has a market capitalization of C$1.18 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71. The company has a debt-to-equity ratio of 158.47, a quick ratio of 0.69 and a current ratio of 2.33.

Canada Goose (TSE:GOOS) last issued its quarterly earnings data on Thursday, July 30th. The company reported C($0.89) earnings per share for the quarter. Canada Goose had a return on equity of 10.37% and a net margin of 3.70%.The firm had revenue of C$118.90 million for the quarter. As a group, equities research analysts predict that Canada Goose Holdings Inc. will post 1.6222664 EPS 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.