Currently, Canada Goose Holdings Inc [GOOS] is trading at $11.54, down -0.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GOOS shares have gain 3.78% over the last week, with a monthly amount drifted -12.77%, and not seem to be holding up well over a long-time horizon.
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On 26, March 2024, Canada Goose Advances Transformation Program with Organizational Redesign and Leadership Updates. In a post published today on Yahoo Finance, New structure right-sizes teams to support long-term growth.
From an analyst’s perspective:
Canada Goose Holdings Inc [NYSE: GOOS] stock has seen the most recent analyst activity on November 07, 2023, when Evercore ISI initiated its In-line rating and assigned the stock a price target of $11. Previously, Wells Fargo downgraded its rating to Equal Weight on October 19, 2023. On October 19, 2023, downgrade downgraded it’s rating to Market Perform and revised its price target to $15 on the stock. Raymond James started tracking the stock assigning a Outperform rating. Barclays downgraded its rating to a Equal Weight. Evercore ISI downgraded its rating to In-line for this stock on February 17, 2023, and downed its price target to $20. In a note dated January 24, 2023, Robert W. Baird downgraded an Neutral rating on this stock.
This stock has fluctuated between a low of $9.80 and a high of $22.65 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $37.77 within the next 12 months. Canada Goose Holdings Inc [NYSE: GOOS] shares were valued at $11.54 at the most recent close of the market. An investor can expect a potential return of 227.3% based on the average GOOS price forecast.
Analyzing the GOOS fundamentals
Trailing Twelve Months sales for Canada Goose Holdings Inc [NYSE:GOOS] were 936.63M which represents 5.23% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.87.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.42 points at the first support level, and at 11.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.68, and for the 2nd resistance point, it is at 11.83.
Canada Goose Holdings Inc [GOOS] reported earnings per share of $1.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1/share, meaning a difference of $0.01 and a surprise factor of 1.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.12 per share as compared to estimates of -$0.16 per share, a difference of $0.28 representing a surprise of 175.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canada Goose Holdings Inc [NYSE:GOOS] is 1.87. Also, the Quick Ratio is 0.81, while the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 3.77 and price to earnings (TTM) ratio is 31.16.
