Canada Goose (TSE:GOOS) Shares Cross Below Fifty Day Moving Average – Here’s Why

Canada Goose Holdings Inc. (TSE:GOOS) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$12.75 and traded as low as C$11.26. Canada Goose shares last traded at C$11.45, with a volume of 841,663 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GOOS shares. Bank of America set a C$15.00 price target on shares of Canada Goose and gave the company a “buy” rating in a research note on Wednesday, August 5th. Wells Fargo & Company cut 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. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Canada Goose has a consensus rating of “Hold” and a consensus target price of C$16.67.

Canada Goose Trading Up 0.2%

The company has a market cap of C$1.10 billion, a P/E ratio of 19.10, a PEG ratio of 0.61 and a beta of 1.71. 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 business has a 50 day moving average price of C$12.71 and a 200-day moving average price of C$14.21.

Canada Goose (TSE:GOOS) last issued its earnings results on Thursday, July 30th. The company reported C($0.89) earnings per share 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 for the quarter. Analysts forecast that Canada Goose Holdings Inc. will post 1.6222664 earnings per share for the current fiscal 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.