Canada Goose Holdings Inc. [NYSE: GOOS] stock went on a downward path that fall over -4.59% on Tuesday, amounting to a one-week price decrease of less than -3.57%. The company report on December 17, 2020 that Canada Goose Partners with ITK and Canadian North to Bring Much Needed PPE to Inuit Communities.
Brand’s Response Program to Deliver Thousands of Units of PPE to the Inuvialuit Settlement Region, Nunatsiavut and Nunavut.
TORONTO, Dec. 17, 2020 /CNW/ -, Canada Goose (NYSE: GOOS) (TSX: GOOS) announced its plans to deliver 7,000 units of Canadian-made personal protective equipment (PPE) to regions across Inuit Nunangat. Reusable and disposable gowns will be distributed to front-line workers in Nunatsiavut, Nunavut and the Inuvialuit Settlement Region in response to the critical need. Canada Goose partnered with Inuit Tapiriit Kanatami (ITK), the national representational organization for Inuit in Canada, to connect and coordinate with the regions. Deliveries will be transported to the regions with support from Canadian North, Canada’s northern airline that services the people and the communities of the North.
Over the last 12 months, GOOS stock dropped by -18.93%. The one-year Canada Goose Holdings Inc. stock forecast points to a potential upside of 7.17. The average equity rating for GOOS stock is currently 1.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.81 billion, with 59.14 million shares outstanding and 59.11 million shares in the current float. Compared to the average trading volume of 1.35M shares, GOOS stock reached a trading volume of 1663192 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Canada Goose Holdings Inc. [GOOS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOOS shares is $32.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOOS stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Canada Goose Holdings Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on December 10, 2020. The new note on the price target was released on November 25, 2020, representing the official price target for Canada Goose Holdings Inc. stock.
The Average True Range (ATR) for Canada Goose Holdings Inc. is set at 1.35 The Price to Book ratio for the last quarter was 15.88.
GOOS Stock Performance Analysis:
Canada Goose Holdings Inc. [GOOS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.57. With this latest performance, GOOS shares dropped by -12.17% in over the last four-week period, additionally plugging by 32.96% over the last 6 months – not to mention a drop of -18.93% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GOOS stock in for the last two-week period is set at 40.31, with the RSI for the last a single of trading hit 36.99, and the three-weeks RSI is set at 43.17 for Canada Goose Holdings Inc. [GOOS]. The present Moving Average for the last 50 days of trading for this stock 33.57, while it was recorded at 31.61 for the last single week of trading, and 25.98 for the last 200 days.
Insight into Canada Goose Holdings Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Canada Goose Holdings Inc. [GOOS] shares currently have an operating margin of +19.95 and a Gross Margin at +56.63. Canada Goose Holdings Inc.’s Net Margin is presently recorded at +15.84.
Return on Total Capital for GOOS is now 27.51, given the latest momentum, and Return on Invested Capital for the company is 22.38. Return on Equity for this stock inclined to 34.32, with Return on Assets sitting at 17.21. When it comes to the capital structure of this company, Canada Goose Holdings Inc. [GOOS] has a Total Debt to Total Equity ratio set at 74.20. Additionally, GOOS Total Debt to Total Capital is recorded at 42.60, with Total Debt to Total Assets ending up at 34.69. Long-Term Debt to Equity for the company is recorded at 67.30, with the Long-Term Debt to Total Capital now at 38.63.
Reflecting on the efficiency of the workforce at the company, Canada Goose Holdings Inc. [GOOS] managed to generate an average of $93,514 per employee. Receivables Turnover for the company is 29.15 with a Total Asset Turnover recorded at a value of 1.09.
GOOS Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GOOS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Canada Goose Holdings Inc. go to 28.57%.
Canada Goose Holdings Inc. [GOOS] Insider Position Details
There are presently around $1,609 million, or 96.22% of GOOS stock, in the hands of institutional investors. The top three institutional holders of GOOS stocks are: MORGAN STANLEY with ownership of 11,303,314, which is approximately 5.416% of the company’s market cap and around 0.62% of the total institutional ownership; FMR LLC, holding 4,435,488 shares of the stock with an approximate value of $135.46 million in GOOS stocks shares; and CAISSE DE DEPOT ET PLACEMENT DU QUEBEC, currently with $125.98 million in GOOS stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Canada Goose Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 91 institutional holders increased their position in Canada Goose Holdings Inc. [NYSE:GOOS] by around 9,835,248 shares. Additionally, 66 investors decreased positions by around 9,567,129 shares, while 25 investors held positions by with 33,280,578 shares. The mentioned changes placed institutional holdings at 52,682,955 shares, according to the latest SEC report filing. GOOS stock had 41 new institutional investments in for a total of 5,797,752 shares, while 28 institutional investors sold positions of 5,982,627 shares during the same period.