Canada Goose (TSE:GOOS) Reaches New 1-Year Low – Should You Sell?

Canada Goose Holdings Inc. (TSE:GOOS) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$12.91 and last traded at C$12.92, with a volume of 197371 shares trading hands. The stock had previously closed at C$13.24.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. TD Securities reduced their price target on shares of 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. Barclays cut their price objective on Canada Goose from C$13.00 to C$12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Bank of America lowered their target price on Canada Goose from C$14.00 to C$13.00 in a research note on Monday, November 11th. Finally, Wells Fargo & Company cut Canada Goose from an “equal weight” rating to an “underperform” rating and lowered their price target for the company from C$16.00 to C$12.00 in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$16.57.

Canada Goose Stock Up 1.7 %

The business has a 50-day simple moving average of C$14.59 and a two-hundred day simple moving average of C$15.96. The company has a quick ratio of 0.69, a current ratio of 2.14 and a debt-to-equity ratio of 232.50. The stock has a market capitalization of C$605.92 million, a P/E ratio of 24.09, a PEG ratio of 0.61 and a beta of 1.29.

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.