Canada Goose Holdings Inc. (NYSE:GOOS) saw a downside of -1.51% to close Tuesday at $21.50 after subtracting -$0.33 on the day. The 5-day average trading volume is 2,805,600 shares of the company’s common stock. It has gained $22.68 in the past week and touched a new high 1 time within the past 5 days. An average of 2,028,130 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,575,426.
GOOS’s 1-month performance is 17.55% or $4.20 on its low of $16.77 reached on 12/28/22. The company’s shares have touched a 52-week low of $14.51 and high of $34.45, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, GOOS has achieved 20.72% or $3.69 and has reached a new high 10 times. However, the current price is down -37.59% from the 52-week high price.
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GOOS stock has a beta of 1.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.56 while the price-to-book (PB) in the most recent quarter is 6.38, with the price to cash flow ratio at 44.06.
Canada Goose Holdings Inc.’s quick ratio for the period ended September 29 was 0.90, with the current ratio over the same period at 2.20. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.99, while the total debt to equity was 2.34.. In terms of profitability, the gross margin trailing 12 months is 67.10%. The firm’s gross profit as reported stood at $585.27 million against revenue of $876.3 million.
For the quarterly period ending September 29 this year, Canada Goose Holdings Inc.’s cash and short-term investments amounted to $3.68 million against total debt of $830.6 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 25.79% to $72.46 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected GOOS to announce $0.04 per share in earnings in its latest quarter, but it posted $0.16, representing a 300.00% surprise. EBITDA for the quarter stood at more than $23.39 million. GOOS stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 901.82 million, with total debt at $830.6 million.
Let’s look briefly at Canada Goose Holdings Inc. (GOOS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 60.93% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.15%.
The stock’s 5-day moving average is $21.26, reflecting a -2.32% or -$0.51 change from its current price. GOOS is currently trading +19.51% above its 20-day SMA, +16.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +32.72% and SMA200 by-14.55%.
Stochastic %K and %D was 76.95% and 73.35% and the average true range (ATR) pointed at 0.94. The RSI (14) points at 61.32%, while the 14-day stochastic is at 75.60% with the period’s ATR at 0.92. The stock’s 9-day MACD Oscillator is pointing at -0.14 and 0.54 on the 14-day charts.
In the most recent analyst report for Canada Goose Holdings Inc. (NYSE: GOOS), Robert W. Baird downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for GOOS stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate GOOS as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
What is GOOS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $30.54, with their median price target at $21.68. Looking at these predictions, the average price target given by analysts is for Canada Goose Holdings Inc. (GOOS) stock is $20.23.