Canada Goose (TSE:GOOS) Cut to Underperform at Wells Fargo & Company

Wells Fargo & Company cut shares of Canada Goose (TSE:GOOS) from an equal weight rating to an underperform rating in a research report report published on Tuesday, BayStreet.CA reports. They currently have C$12.00 price target on the stock, down from their previous price target of C$16.00.

GOOS has been the subject of several other research reports. Barclays lowered 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 report on Friday, August 2nd. Wedbush set a C$21.00 price objective on Canada Goose and gave the company an “outperform” rating in a research report on Friday, July 19th. TD Securities lowered 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 report on Friday, August 2nd. Finally, Raymond James downgraded Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$17.17.

Canada Goose Stock Performance

TSE:GOOS opened at C$15.24 on Tuesday. The business has a 50 day moving average of C$15.16 and a 200 day moving average of C$16.28. The company has a market capitalization of C$696.93 million, a price-to-earnings ratio of 27.71, a PEG ratio of 0.61 and a beta of 1.29. Canada Goose has a 1-year low of C$13.56 and a 1-year high of C$20.09. The company has a debt-to-equity ratio of 232.50, a current ratio of 2.14 and a quick ratio of 0.69.

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.