Canada Goose (TSE:GOOS) Reaches New 1-Year Low – Time to Sell?

Canada Goose Holdings Inc. (TSE:GOOS) hit a new 52-week low on Tuesday . The company traded as low as C$12.21 and last traded at C$12.43, with a volume of 138750 shares trading hands. The stock had previously closed at C$12.53.

Wall Street Analyst Weigh In

Separately, Bank of America set a C$15.00 price objective on shares of Canada Goose and gave the stock a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$19.67.

Canada Goose Trading Down 2.7%

The stock has a market capitalization of C$1.18 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71. The business has a 50 day simple moving average of C$13.46 and a 200-day simple moving average of C$14.89. 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 posted its quarterly earnings data on Thursday, July 30th. The company reported C($0.89) EPS 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 during the quarter. On average, analysts predict 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.