Canada Goose (TSE:GOOS) Hits New 52-Week Low on Analyst Downgrade

Shares of Canada Goose Holdings Inc. (TSE:GOOS) reached a new 52-week low during mid-day trading on Monday after Wells Fargo & Company downgraded the stock from an overweight rating to an underweight rating. Wells Fargo & Company now has a C$10.00 price target on the stock. Canada Goose traded as low as C$11.28 and last traded at C$11.50, with a volume of 87908 shares changing hands. The stock had previously closed at C$12.02.

Separately, Bank of America set a C$15.00 target price on shares of Canada Goose and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$16.67.

Canada Goose Stock Down 0.3%

The company has a quick ratio of 0.69, a current ratio of 2.33 and a debt-to-equity ratio of 158.47. The company has a market cap of C$1.11 billion, a PE ratio of 19.27, a PEG ratio of 0.61 and a beta of 1.71. The company’s fifty day moving average is C$12.92 and its 200-day moving average is C$14.36.

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