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

Shares of Canada Goose Holdings Inc. (TSE:GOOS – Get Free Report) reached a new 52-week low 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 trading hands. The stock had previously closed at C$12.02.

Separately, Bank of America set a C$15.00 price target on shares of Canada Goose and gave the company a “buy” rating in a research 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$16.67.

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Canada Goose Trading 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 fifty day moving average of C$12.92 and a two-hundred day moving average of C$14.36. The stock has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 0.61 and a beta of 1.71.

Canada Goose (TSE:GOOS – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported C($0.89) earnings per share for the quarter. The firm 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 expect that Canada Goose Holdings Inc. will post 1.6222664 EPS for the current year.

About Canada Goose

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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.

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