Canada Goose (TSE:GOOS) Shares Climb 0.3% – Should You Buy?

Canada Goose Holdings Inc. (TSE:GOOS)’s share price traded up 0.3% during mid-day trading on Tuesday. The company traded as high as C$10.99 and last traded at C$10.89. 223,484 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 182,091 shares. The stock had previously closed at C$10.86.

Analyst Ratings Changes

A number of brokerages have recently weighed in 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 report on Monday, August 24th. Bank of America set a C$15.00 price objective on Canada Goose and gave the company a “buy” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Canada Goose has an average rating of “Hold” and a consensus target price of C$12.50.

Canada Goose Price Performance

The company has a market cap of C$1.08 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 0.61 and a beta of 1.64. The company’s fifty day moving average price is C$11.35 and its two-hundred day moving average price is C$13.27. The company has a quick ratio of 0.69, a current ratio of 2.33 and a debt-to-equity ratio of 158.47.

Canada Goose (TSE:GOOS) last posted its quarterly earnings results 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 during 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 1.6222664 EPS for the current fiscal year.

About Canada Goose

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.