Canada Goose (TSE:GOOS) Cut to “Underweight” at Wells Fargo & Company

Wells Fargo & Company downgraded shares of Canada Goose (TSE:GOOS) from an overweight rating to an underweight rating in a research note released on Monday, MarketBeat Ratings reports. The brokerage currently has C$10.00 price target on the stock.

Separately, Bank of America set a C$15.00 price target on Canada Goose and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$16.67.

Canada Goose Stock Performance

GOOS opened at C$11.28 on Monday. The firm has a market cap of C$1.10 billion, a PE ratio of 19.12, a P/E/G ratio of 0.61 and a beta of 1.71. 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 business has a fifty day simple moving average of C$12.88 and a 200-day simple moving average of C$14.34. Canada Goose has a fifty-two week low of C$11.22 and a fifty-two week high of C$21.28.

Canada Goose (TSE:GOOS) last announced its earnings results on Thursday, July 30th. The company reported C($0.89) earnings per share (EPS) for the quarter. Canada Goose had a return on equity of 10.37% and a net margin of 3.70%.The company had revenue of C$118.90 million for the quarter. As a group, equities analysts predict that Canada Goose will post 1.6222664 EPS for the current fiscal year.

About Canada Goose

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.