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

Canada Goose Holdings Inc. (TSE:GOOS) reached a new 52-week low 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.

Wall Street Analysts Forecast Growth

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

Canada Goose Stock Performance

The stock has a market capitalization 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 quick ratio of 0.69, a current ratio of 2.14 and a debt-to-equity ratio of 232.50. The stock’s 50-day simple moving average is C$14.89 and its 200 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.