Canada Goose (TSE:GOOS) Reaches New 1-Year High Following Analyst Upgrade

Key Points

• Canada Goose's stock reached a new 52-week high after being upgraded by TD Securities from a hold to a buy rating, with a new price target of C$25.00.
• The company's share price increased significantly, trading as high as C$21.27, with a trading volume of 448,025 shares on the day of the upgrade.
• Canada Goose has a market capitalization of C$2.02 billion and operates primarily through its Direct to Consumer (DTC) segment, which is a key revenue driver.

Canada Goose Holdings Inc. (TSE:GOOS - )'s share price hit a new 52-week high during trading on Monday after TD Securities upgraded the stock from a hold rating to a buy rating. TD Securities now has a C$25.00 price target on the stock, up from their previous price target of C$22.00. Canada Goose traded as high as C$21.27 and last traded at C$21.16, with a volume of 448025 shares traded. The stock had previously closed at C$18.55.

Canada Goose Price Performance

The firm has a market capitalization of C$2.02 billion, a P/E ratio of 43.44, a price-to-earnings-growth ratio of 0.61 and a beta of 2.36. The company has a debt-to-equity ratio of 168.00, a quick ratio of 0.69 and a current ratio of 2.01. The business has a 50 day simple moving average of C$17.25 and a two-hundred day simple moving average of C$14.69.

Canada Goose Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.