As of Thursday close, Canada Goose Holdings Inc.’s (NYSE:GOOS) stock was down -$0.54, moving down -3.60 percent to $14.47. The average number of shares traded per day over the past five days has been 942,120 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.06 fall in that time frame. In the last twenty days, the average volume was 745,495, while in the previous 50 days, it was 793,326.
Since last month, GOOS stock retreated -5.86%. Shares of the company fell to $14.47 on 09/21/23, the lowest level in the past month. A 52-week high of $24.73 was reached on 02/01/23 after having rallying from a 52-week low of $14.51. Since the beginning of this year, GOOS’s stock price has dropped by -18.75% or -$3.34, and marked a new high 15 times. However, the stock has declined by -41.49% since its 52-week high.
Valuation Metrics
Right now, Canada Goose Holdings Inc. (GOOS) has a P/E ratio of about 29.17. The stock’s beta is 1.67. Besides these, the trailing price-to-sales (P/S) ratio of 1.61, the price-to-book (PB) ratio of 3.93, and the price-to-cash flow ratio of 36.17 may also be considered.
Financial Health
In the three months ended June 29, Canada Goose Holdings Inc.’s quick ratio stood at 0.60, while its current ratio was 2.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.66, and the total debt-to-equity ratio was 1.99. On the profitability front, the trailing twelve-month gross margin is 67.20% percent. In the year ended June 29, EBITDA margin amounted to 22.99%, whereas operating margins totaled 9.50%. Based on annual data, GOOS earned $616.7 million in gross profit and brought in $920.66 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.10%. Return on equity (ROE) for the past 12 months was 12.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GOOS’s revenue rose 9.75% during the quarter, while net income inched up to $932.22 million. While analysts expected Canada Goose Holdings Inc. to report -$0.64 quarterly earnings, the actual figure was -$0.52 per share, beating the consensus estimate by 18.80%. During the quarter, the company generated -$52.44 million in EBITDA. The liabilities of Canada Goose Holdings Inc. were 798.02 million at the end of its most recent quarter ended June 29, and its total debt was $759.3 million.
Technical Picture
This quick technical analysis looks at Canada Goose Holdings Inc.’s (GOOS) price momentum. With a historical volatility rate of 31.18%, the RSI 9-day stood at 29.42% on 21 September.
With respect to its five-day moving average, the current Canada Goose Holdings Inc. price is down by -6.83% percent or -$1.06. At present, GOOS shares trade -6.65% below its 20-day simple moving average and -26.25% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.23% below its SMA50 and -24.44% below its SMA200.
Stochastic coefficient K was 31.54% and Stochastic coefficient D was 36.73%, while ATR was 0.47. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 33.95%. As of today, the MACD Oscillator reading stands at -0.31, while the 14-day reading stands at -0.46.
Analyst Ratings
Raymond James launched its rating on Canada Goose Holdings Inc. (NYSE: GOOS) to an Outperform in a note to investors on September 07, 2023. Canada Goose Holdings Inc. (GOOS) has been rated Hold by analysts. According to 1 brokerage firm, GOOS is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Canada Goose Holdings Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $18.02, the current consensus forecast for the stock is $9.00 – $30.15. Based on these forecasts, analysts predict Canada Goose Holdings Inc. (GOOS) will achieve an average price target of $18.46.
