Canada Goose Holdings Stock Today
| GOOS Stock | CAD 15.55 0.15 0.96% |
Performance0 of 100
| Odds Of DistressLess than 1
|
Canada Goose is selling at 15.55 as of the 24th of April 2024; that is -0.96 percent down since the beginning of the trading day. The stock's open price was 15.7. Canada Goose has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Canada Goose Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Consumer Durables & Apparel | Category Consumer Cyclical | Classification Consumer Discretionary |
Canada Goose Holdings Inc. designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. Canada Goose Holdings Inc. was founded in 1957 and is headquartered in Toronto, Canada. The company has 45.93 M outstanding shares of which 1.53 M shares are currently shorted by private and institutional investors with about 4.36 days to cover all short positions. More on Canada Goose Holdings
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Follow Valuation Profit Patterns Odds of Bankruptcy
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Canada Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Canada Goose's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Canada Goose or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Dani Reiss | ||||
| Business Concentration | Apparel, Accessories & Luxury Goods, Consumer Durables & Apparel, Consumer Discretionary, Consumer Discretionary, Textiles, Apparel & Luxury Goods, Apparel Manufacturing, Consumer Cyclical (View all Sectors) | ||||
Canada Goose's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Canada Goose's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Canada Goose's financial leverage. It provides some insight into what part of Canada Goose's total assets is financed by creditors.
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Canada Goose Holdings (GOOS) is traded on Toronto Exchange in Canada and employs 4,760 people. Canada Goose is listed under Apparel, Accessories & Luxury Goods category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.52 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canada Goose's market, we take the total number of its shares issued and multiply it by Canada Goose's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Canada Goose Holdings operates under Textiles, Apparel & Luxury Goods sector and is part of Consumer Discretionary industry. The entity has 45.93 M outstanding shares of which 1.53 M shares are currently shorted by private and institutional investors with about 4.36 days to cover all short positions.
Canada Goose Holdings has accumulated about 160.1 M in cash with 116.3 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.45.
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Ownership AllocationCanada Goose Holdings retains a total of 45.93 Million outstanding shares. The majority of Canada Goose Holdings outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Canada Goose Holdings to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Canada Goose. Please pay attention to any change in the institutional holdings of Canada Goose Holdings as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
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Canada Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Canada Goose jumping above the current price in 90 days from now is about 84.13%. The Canada Goose Holdings probability density function shows the probability of Canada Goose stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Canada Goose Holdings has a beta of -1.1391. This usually indicates Additionally, canada Goose Holdings has an alpha of 0.1128, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Canada Goose to move above the current price in 90 days from now is about 84.13 (This Canada Goose Holdings probability density function shows the probability of Canada Stock to fall within a particular range of prices over 90 days) .
Canada Goose Holdings Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Canada Goose market risk premium is the additional return an investor will receive from holding Canada Goose long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canada Goose. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Canada Goose's alpha and beta are two of the key measurements used to evaluate Canada Goose's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.28 | |||
| Semi Deviation | 3.1 | |||
| Standard Deviation | 3.0 | |||
| Variance | 8.99 |
Canada Stock Against Markets
Picking the right benchmark for Canada Goose stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Canada Goose stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Canada Goose is critical whether you are bullish or bearish towards Canada Goose Holdings at a given time. Please also check how Canada Goose's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Canada Goose without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Canada Goose Corporate Directors
Canada Goose corporate directors refer to members of a Canada Goose board of directors. The board of directors generally takes responsibility for the Canada Goose's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Canada Goose's board members must vote for the resolution. The Canada Goose board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| JeanMarc Huet | Independent Director | Profile | |
| John Davison | Independent Director | Profile | |
| Jodi Butts | Independent Director | Profile | |
| Joshua Bekenstein | Director | Profile |
How to buy Canada Stock?
Before investing in Canada Goose, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Canada Goose. To buy Canada Goose stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Canada Goose. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Canada Goose stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Canada Goose Holdings stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Canada Goose Holdings stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Canada Goose Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Canada Stock please use our How to Invest in Canada Goose guide.
Already Invested in Canada Goose Holdings?
The danger of trading Canada Goose Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Canada Goose is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Canada Goose. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Canada Goose Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Canada Goose Holdings is a strong investment it is important to analyze Canada Goose's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Canada Goose's future performance. For an informed investment choice regarding Canada Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Canada Stock analysis
When running Canada Goose's price analysis, check to measure Canada Goose's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canada Goose is operating at the current time. Most of Canada Goose's value examination focuses on studying past and present price action to predict the probability of Canada Goose's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Goose's price. Additionally, you may evaluate how the addition of Canada Goose to your portfolios can decrease your overall portfolio volatility.
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