Canada Goose (TSE:GOOS) Trading Down 1.5% – Time to Sell?

Canada Goose Holdings Inc. (TSE:GOOS)’s stock price dropped 1.5% during trading on Friday . The company traded as low as C$16.50 and last traded at C$16.80. Approximately 251,240 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 182,084 shares. The stock had previously closed at C$17.06.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their price target on Canada Goose from C$22.00 to C$19.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$22.00.

Canada Goose Stock Performance

The company has a fifty day moving average price of C$17.33 and a 200 day moving average price of C$18.05. The company has a debt-to-equity ratio of 168.00, a current ratio of 2.01 and a quick ratio of 0.69. The stock has a market cap of C$1.63 billion, a P/E ratio of 76.36, a P/E/G ratio of 0.61 and a beta of 2.10.

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. 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.