Canada Goose (TSE:GOOS) Lowered to “Underweight” Rating by Wells Fargo & Company

Canada Goose (TSE:GOOS) was downgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a report released on Monday,BayStreet.CA reports. They currently have a C$10.00 price target on the stock. Wells Fargo & Company‘s price target points to a potential downside of 11.03% from the stock’s previous close.

Separately, Bank of America set a C$15.00 price objective on Canada Goose and gave the company a “buy” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$16.67.

Canada Goose Stock Performance

Shares of TSE:GOOS traded down C$0.78 on Monday, reaching C$11.24. 378,303 shares of the company’s stock were exchanged, compared to its average volume of 150,280. Canada Goose has a twelve month low of C$11.22 and a twelve month high of C$21.28. The company has a fifty day moving average of C$13.03 and a 200-day moving average of C$14.45. The company has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 0.61 and a beta of 1.71. The company has a current ratio of 2.33, a quick ratio of 0.69 and a debt-to-equity ratio of 158.47.

Canada Goose (TSE:GOOS) last issued its quarterly earnings results on Thursday, July 30th. The company reported C($0.89) earnings per share (EPS) for the quarter. The company had revenue of C$118.90 million during the quarter. Canada Goose had a net margin of 3.70% and a return on equity of 10.37%. On average, research analysts predict that Canada Goose will post 1.6222664 EPS for the current fiscal year.

Canada Goose Company Profile

Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in the luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, and individual shops, and to international distributors.