Canada Goose (TSE:GOOS) Reaches New 52-Week Low – Here’s What Happened

Canada Goose Holdings Inc. (TSE:GOOS – Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$11.00 and last traded at C$11.00, with a volume of 74461 shares changing hands. The stock had previously closed at C$11.28.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. 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. Wells Fargo & Company lowered shares of Canada Goose from an “overweight” rating to an “underweight” rating and set a C$10.00 target price for the company. in a report on Monday, August 24th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Canada Goose has an average rating of “Hold” and a consensus target price of C$12.50.

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Canada Goose Price Performance

The firm has a market capitalization of C$1.06 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.60. The firm has a 50 day moving average price of C$12.54 and a 200-day moving average price of C$14.06. 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 – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported C($0.89) earnings per share for the quarter. Canada Goose had a net margin of 3.70% and a return on equity of 10.37%. The company had revenue of C$118.90 million for the quarter. On average, analysts expect that Canada Goose Holdings Inc. will post 1.6222664 earnings per share for the current year.

About Canada Goose

(Get Free Report)

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.

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