Canada Goose (TSE:GOOS) Hits New 52-Week Low – Time to Sell?

Shares of Canada Goose Holdings Inc. (TSE:GOOS) hit a new 52-week low on Tuesday . The stock traded as low as C$10.38 and last traded at C$10.37, with a volume of 352455 shares changing hands. The stock had previously closed at C$10.89.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GOOS. Wells Fargo & Company cut Canada Goose from an “overweight” rating to an “underweight” rating and set a C$10.00 price target on the stock. in a research note 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 analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Canada Goose presently has an average rating of “Hold” and an average target price of C$12.50.

Canada Goose Stock Down 4.8%

The company has a market capitalization of C$1.01 billion, a P/E ratio of 17.58, a PEG ratio of 0.61 and a beta of 1.60. The company has a debt-to-equity ratio of 158.47, a current ratio of 2.33 and a quick ratio of 0.69. The company has a 50 day moving average of C$12.26 and a 200-day moving average of C$13.84.

Canada Goose (TSE:GOOS) last released its quarterly earnings results on Thursday, July 30th. The company reported C($0.89) EPS 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%. As a group, equities 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.