Canada Goose (TSE:GOOS) Hits New 52-Week Low – Should You Sell?

Canada Goose Holdings Inc. (TSE:GOOS)’s stock price hit 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 changing hands. The stock had previously closed at C$13.47.

Analyst Upgrades and Downgrades

GOOS has been the subject of a number of research reports. Barclays decreased their target price on shares of 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. Wells Fargo & Company lowered shares of Canada Goose from an “equal weight” rating to an “underperform” rating and reduced their price objective for the company from C$16.00 to C$12.00 in a research note on Tuesday, October 15th. TD Securities reduced their price objective on shares of 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. Raymond James lowered shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Finally, Wedbush set a C$21.00 price objective on shares of Canada Goose and gave the company an “outperform” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$17.17.

Canada Goose Stock Performance

The stock has a market cap of C$619.64 million, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 0.61 and a beta of 1.29. 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 stock’s 50-day simple moving average is C$14.89 and its two-hundred day simple moving average is C$16.11.

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.