While Canada Goose Holdings Inc has underperformed by -0.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GOOS fell by -32.88%, with highs and lows ranging from $22.65 to $9.80, whereas the simple moving average fell by -8.69% in the last 200 days.
On November 07, 2023, Evercore ISI started tracking Canada Goose Holdings Inc (NYSE: GOOS) recommending In-line. A report published by Wells Fargo on October 19, 2023, Downgraded its rating to ‘Equal Weight’ for GOOS. TD Cowen also Downgraded GOOS shares as ‘Market Perform’, setting a target price of $15 on the company’s shares in a report dated October 19, 2023. Barclays May 02, 2023d its ‘Overweight’ rating to ‘Equal Weight’ for GOOS, as published in its report on May 02, 2023. Evercore ISI’s report from February 17, 2023 suggests a price prediction of $20 for GOOS shares, giving the stock a ‘In-line’ rating. Robert W. Baird also rated the stock as ‘Neutral’.
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Analysis of Canada Goose Holdings Inc (GOOS)
Further, the quarter-over-quarter increase in sales is 5.23%, showing a positive trend in the upcoming months.
One of the most important indicators of Canada Goose Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 10.98% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.81, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and GOOS is recording 1.48M average volume. On a monthly basis, the volatility of the stock is set at 4.22%, whereas on a weekly basis, it is put at 4.03%, with a loss of -4.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.64, showing decline from the present price of $12.86, which can serve as yet another indication of whether GOOS is worth investing in or should be passed over.
How Do You Analyze Canada Goose Holdings Inc Shares?
The Apparel Manufacturing market is dominated by Canada Goose Holdings Inc (GOOS) based in the Canada. When comparing Canada Goose Holdings Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 34.73, there is a growth in quarterly earnings of 0.66%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 50.67%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 48.51% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GOOS shares are owned by institutional investors to the tune of 48.51% at present.
