Canada Goose (TSE:GOOS) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Canada Goose Holdings Inc. (TSE:GOOS) shares passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$11.09 and traded as high as C$11.29. Canada Goose shares last traded at C$11.21, with a volume of 329,713 shares.

Wall Street Analyst Weigh In

GOOS has been the subject of several research analyst reports. Wells Fargo & Company lowered Canada Goose from an “overweight” rating to an “underweight” rating and set a C$10.00 price objective for the company. in a report on Monday, August 24th. Bank of America set a C$15.00 target price on shares of Canada Goose and gave the stock a “buy” rating in a report on Wednesday, August 5th. One research 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, the stock currently has a consensus rating of “Hold” and a consensus target price of C$12.50.

Canada Goose Price Performance

The company has a current ratio of 2.33, a quick ratio of 0.69 and a debt-to-equity ratio of 158.47. The stock has a 50-day simple moving average of C$11.08 and a 200 day simple moving average of C$13.83. The stock has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 0.61 and a beta of 1.64.

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. The business had revenue of C$118.90 million for the quarter. Canada Goose had a net margin of 3.70% and a return on equity of 10.37%. On average, equities research analysts forecast that Canada Goose Holdings Inc. will post 1.62 EPS for the current fiscal year.

Canada Goose Company Profile

Canada Goose is dedicated to empowering discovery and pushing boundaries in design, functionality, and style. Inspired by our Canadian heritage, we craft high-performance outerwear, apparel, footwear, and accessories that elevate craftsmanship and embrace individuality. Rooted in resilience and driven by a pioneering spirit, we embolden explorers to thrive in all environments while preserving the planet they roam.