Canada Goose (TSE:GOOS) Trading Down 16.9%

Shares of Canada Goose Holdings Inc. (TSE:GOOS – Get Rating) fell 16.9% during trading on Thursday . The stock traded as low as C$27.19 and last traded at C$27.21. 732,317 shares were traded during mid-day trading, an increase of 26% from the average session volume of 578,970 shares. The stock had previously closed at C$32.75.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GOOS. TD Securities decreased their target price on shares of Canada Goose from C$49.00 to C$40.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Cowen dropped their target price on shares of Canada Goose to C$33.00 in a research note on Thursday, November 3rd. CSFB dropped their target price on shares of Canada Goose from C$31.00 to C$30.00 in a research note on Thursday, November 3rd. Cowen increased their price objective on shares of Canada Goose from C$33.00 to C$35.00 in a research note on Friday, January 27th. Finally, Credit Suisse Group dropped their price objective on shares of Canada Goose to C$30.00 in a research note on Thursday, November 3rd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$31.90.

Canada Goose Price Performance

The stock has a market cap of C$2.74 billion and a price-to-earnings ratio of 36.92. The company has a quick ratio of 0.69, a current ratio of 2.22 and a debt-to-equity ratio of 226.63. The stock’s 50 day moving average price is C$26.41 and its two-hundred day moving average price is C$24.89.

Insider Activity at Canada Goose

In other news, Senior Officer Michael Blackford sold 1,168 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of C$23.75, for a total value of C$27,745.72.

Canada Goose Company Profile

(Get Rating)

Canada Goose Holdings Inc designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.