Canada Goose (TSE:GOOS) Reaches New 52-Week Low – Here’s Why

Canada Goose Holdings Inc. (TSE:GOOS)’s stock price hit a new 52-week low on Friday . The company traded as low as C$13.48 and last traded at C$13.51, with a volume of 182553 shares traded. The stock had previously closed at C$13.70.

Analyst Ratings Changes

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

Canada Goose Price Performance

The company has a debt-to-equity ratio of 232.50, a quick ratio of 0.69 and a current ratio of 2.14. The company has a market cap of C$617.81 million, a P/E ratio of 24.91, a P/E/G ratio of 0.61 and a beta of 1.29. The firm has a 50 day moving average price of C$15.16 and a two-hundred day moving average price of C$16.19.

About Canada Goose

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.