While Canada Goose Holdings Inc has underperformed by -4.19%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GOOS fell by -16.72%, with highs and lows ranging from $14.75 to $9.80, whereas the simple moving average fell by -10.62% in the last 200 days.
On October 14, 2024, Wells Fargo Downgraded Canada Goose Holdings Inc (NYSE: GOOS) to Underweight. A report published by Raymond James on July 23, 2024, Downgraded its rating to ‘Mkt Perform’ for GOOS. Evercore ISI Initiated an In-line rating on November 07, 2023, and assigned a price target of $11. Wells Fargo October 19, 2023d its ‘Overweight’ rating to ‘Equal Weight’ for GOOS, as published in its report on October 19, 2023. TD Cowen’s report from October 19, 2023 suggests a price prediction of $15 for GOOS shares, giving the stock a ‘Market Perform’ rating. Raymond James also rated the stock as ‘Outperform’.
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Analysis of Canada Goose Holdings Inc (GOOS)
Further, the quarter-over-quarter increase in sales is 1.97%, showing a positive trend in the upcoming months.
Canada Goose Holdings Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 16.98% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.63, 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.
The average volume for any stock is also a very valuable indicator of volatility, and GOOS has an average volume of 701.39K. On a monthly basis, the volatility of the stock is set at 3.54%, whereas on a weekly basis, it is put at 4.28%, with a loss of -10.93% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.87, showing growth from the present price of $10.76, 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?
Apparel Manufacturing giant Canada Goose Holdings Inc (GOOS) is based in the Canada and is one of the largest companies in the market. 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 25.17, there is a growth in quarterly earnings of -0.57%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 50.60%. 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 39.09% 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 39.09% at present.
