The stock of Canada Goose Holdings Inc. (NYSE:GOOS) decreased by -$0.29 on Friday to finish at $16.77, down -1.70 percent. The last five days have seen an average of 850,140 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$1.04. The average number of shares traded over the last 20 days was 917,095, while the average volume over the last 50 days totaled 859,288.
GOOS stock dropped -7.65% since last month. On 08/03/23, the company’s shares reached a one-month low of $15.84. The stock touched a high of $24.73 on 02/01/23, after rallying from a low of $14.51 in 52 weeks. The price of GOOS stock has declined by -5.84% or -$1.04 this year, reaching a new high 15 times. Still, the stock price is down -32.19% 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 33.81. Beta for the stock is 1.66. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.92, the price-to-book (PB) ratio of 4.56, and the price-to-cash flow ratio of 43.15.
Financial Health
For the three months ended June 29, Canada Goose Holdings Inc.’s quick ratio was 0.60, while its current ratio was 2.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.66, and the total debt to equity ratio is 1.99. As far as profitability goes, gross margin for the trailing twelve months is 67.20% percent. Canada Goose Holdings Inc.’s EBITDA margin for the year ended June 29 was 22.99%, whereas its operating margin stood at 9.50% for the same period. Based on annual data, it had gross profit of $616.7 million and revenue of $920.66 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GOOS’s return on assets (ROA) during the last 12 months has been 3.40%. There was a 9.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.80%.
Earnings Surprise
According to Canada Goose Holdings Inc.’s quarterly financial report for the quarter that ended June 29, it had $0.69 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $932.22 million, while revenues rose by 9.75% to $0.0. It was predicted that Canada Goose Holdings Inc.’s quarterly earnings would be -$0.52, but it ended up being -$0.64, beating the consensus by 18.80%. EBITDA was -$52.44 million for the quarter. At the end of Canada Goose Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 798.02 million, while its total debt was $759.3 million.
Technical Picture
Here’s a quick look at Canada Goose Holdings Inc.’s (GOOS) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 44.46%, suggesting the stock is Neutral, with a 40.40% historical volatility rate.
The stochastic %K and %D were 29.51% and 24.21% respectively, while the average true range (ATR) was 0.65. Based on the 14-day stochastic reading of 33.33%, the RSI (14) reading is 45.18%. On the 9-day MACD Oscillator, the stock is at -0.14, and the 14-day reading is at -0.53.
Analyst Ratings
Canada Goose Holdings Inc. (NYSE: GOOS) was downgraded by Barclays to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Canada Goose Holdings Inc. (GOOS) an Hold rating. GOOS is a stock that is recommended for selling by 1 brokerage firm, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is GOOS’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $30.67, with a median target price of $18.00. In analyzing these forecasts, the average price target given by analysts for Canada Goose Holdings Inc. (GOOS) is $19.49.
