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Canada Goose Holdings Inc (GOOS) – Don’t Be So Quick to Call it Dead

Canada Goose Holdings Inc (NYSE: GOOS) is -18.90% lower on its value in year-to-date trading and has touched a low of $9.32 and a high of $14.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GOOS stock was last observed hovering at around $10.05 in the last trading session, with the day’s loss setting it -0.44%.

Currently trading at $9.61, the stock is -8.18% and -12.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing -4.38% at the moment leaves the stock -19.42% off its SMA200. GOOS registered -4.95% loss for a year compared to 6-month gain of -15.55%. The firm has a 50-day simple moving average (SMA 50) of $10.9612 and a 200-day simple moving average (SMA200) of $11.9384.

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The stock witnessed a -20.45% loss in the last 1 month and extending the period to 3 months gives it a -8.04%, and is -4.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.31% over the week and 3.54% over the month.

Canada Goose Holdings Inc (GOOS) has around 4462 employees, a market worth around $1.29B and $988.86M in sales. Current P/E ratio is 22.48 and Fwd P/E is 10.40. Profit margin for the company is 4.65%. Distance from 52-week low is 3.11% and -34.85% from its 52-week high. The company has generated returns on investments over the last 12 months (5.97%).

The EPS is expected to grow by 9.11% this year

176.0 institutions hold shares in Canada Goose Holdings Inc (GOOS), with institutional investors hold 90.19% of the company’s shares. The shares outstanding are 101.36M, and float is at 50.08M with Short Float at 18.08%. Institutions hold 88.78% of the Float.

The top institutional shareholder in the company is MORGAN STANLEY with over 6.21 million shares valued at $80.35 million. The investor’s holdings represent 6.1642 of the GOOS Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 5.26 million shares valued at $68.01 million to account for 5.2167 of the shares outstanding. The other top investors are MANUFACTURERS LIFE INSURANCE COMPANY, THE which holds 3.89 million shares representing 3.855 and valued at over $50.25 million, while PATIENT CAPITAL MANAGEMENT, LLC holds 3.8529 of the shares totaling 3.88 million with a market value of $50.22 million.

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