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

Shares of Canada Goose Holdings Inc. (TSE:GOOS) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$11.28 and last traded at C$11.50, with a volume of 87908 shares traded. The stock had previously closed at C$12.02.

Wall Street Analysts Forecast Growth

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 report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$19.67.

Canada Goose Stock Performance

The business has a fifty day simple moving average of C$13.03 and a two-hundred day simple moving average of C$14.45. The company has a quick ratio of 0.69, a current ratio of 2.33 and a debt-to-equity ratio of 158.47. The company has a market cap of C$1.11 billion, a P/E ratio of 19.24, a P/E/G ratio of 0.61 and a beta of 1.71.

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