Canada Goose Holdings Inc. (NYSE:GOOS) finished Wednesday with an addition of $1.09 to close at $17.25, an upside of 6.75 percent. An average of 822,607 shares of common stock have been traded in the last five days. There was a gain of $0.64 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 867,912 shares traded, while the 50-day average volume stands at 858,725.
GOOS stock has decreased by -4.91% in the last month. The company shares reached their 1-month lowest point of $15.84 on 08/03/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $14.51 and a high of $24.73 in 52 weeks. It has reached a new high 15 times so far this year and lost -3.14% or -$0.57 in price. In spite of this, the price is down -30.25% from the 52-week high.
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Valuation Metrics
Canada Goose Holdings Inc. (GOOS) has a trailing price-to-earnings (P/E) ratio of 25.18. The stock’s beta is 1.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.96, the price-to-book (PB) ratio at 4.69, and the price-to-cash flow ratio at 43.53.
Financial Health
The quick ratio of Canada Goose Holdings Inc. for the three months ended June 29 was 0.60, and the current ratio was 2.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.66 and a total debt to equity ratio of 1.99 for the quarter ending June 29. Canada Goose Holdings Inc.’s EBITDA margin for the year ending June 29 is 22.99%, while its operating margin for the same period stands at 9.60%. Its gross profit as reported stood at $616.7 million compared to revenue of $920.66 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Canada Goose Holdings Inc.’s return on assets was 3.40%.
Earnings Surprise
For the three-month period that ended June 29, Canada Goose Holdings Inc. had $0.69 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $55.69 million in the quarter, while revenues were shrunk -30.11%. The analyst consensus anticipated Canada Goose Holdings Inc.’s latest quarter earnings to come in at -$0.64 per share, but it turned out to be -$0.52, a 18.80% surprise. For the quarter, EBITDA amounted to -$52.44 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Canada Goose Holdings Inc. (GOOS) price momentum. RSI 9-day as of the close on 09 August was 51.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.36%.
As of today, GOOS’s price is $16.61 +3.86% or $0.64 from its 5-day moving average. GOOS is currently trading -5.07% lower than its 20-day SMA and -5.22% lower than its 100-day SMA. However, the stock’s current price level is +7.41% above the SMA50 and -3.63% below the SMA200.
The stochastic %K and %D were 26.28% and 23.62%, respectively, and the average true range (ATR) was 0.67. With the 14-day stochastic at 50.18% and the average true range at 0.64, the RSI (14) stands at 50.07%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -0.69.
Analyst Ratings
Barclays downgraded Canada Goose Holdings Inc. (NYSE: GOOS) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Canada Goose Holdings Inc. (GOOS) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GOOS, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is GOOS’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $30.67, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for Canada Goose Holdings Inc. (GOOS) stock is $19.49.
