Canada Goose (TSE:GOOS) Shares Pass Below 50 Day Moving Average – Time to Sell?

Canada Goose Holdings Inc. (TSE:GOOS) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$14.81 and traded as low as C$13.89. Canada Goose shares last traded at C$14.23, with a volume of 298,843 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Bank of America dropped their price target on shares of Canada Goose from C$14.00 to C$13.00 in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$16.57.

Canada Goose Stock Performance

The company’s 50-day simple moving average is C$14.81 and its 200 day simple moving average is C$14.62. The company has a current ratio of 2.01, a quick ratio of 0.69 and a debt-to-equity ratio of 168.00. The stock has a market cap of C$1.38 billion, a P/E ratio of 19.01, a PEG ratio of 0.61 and a beta of 1.29.

Insiders Place Their Bets

In other news, Senior Officer David Martin Forrest sold 7,927 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of C$13.94, for a total transaction of C$110,466.71. Insiders own 1.57% of the company’s stock.

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.