Canada Goose (TSE:GOOS) Reaches New 1-Year Low – Here’s What Happened

Shares of Canada Goose Holdings Inc. (TSE:GOOS) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$12.97 and last traded at C$13.08, with a volume of 58378 shares trading hands. The stock had previously closed at C$13.47.

Analyst Ratings Changes

Several brokerages recently weighed in on GOOS. Wells Fargo & Company downgraded shares of Canada Goose from an “equal weight” rating to an “underperform” rating and cut their target price for the company from C$16.00 to C$12.00 in a research note on Tuesday, October 15th. Raymond James lowered shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. TD Securities cut their price target on Canada Goose from C$21.00 to C$17.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Wedbush set a C$21.00 price objective on Canada Goose and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, Barclays dropped their target price on Canada Goose from C$13.00 to C$12.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$17.17.

Canada Goose Price Performance

The company has a current ratio of 2.14, a quick ratio of 0.69 and a debt-to-equity ratio of 232.50. The stock has a market cap of C$593.58 million, a PE ratio of 24.49, a P/E/G ratio of 0.61 and a beta of 1.29. The company’s 50 day moving average is C$14.92 and its 200-day moving average is C$16.12.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Greater China, rest of the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.