Canada Goose (TSE:GOOS) Shares Down 14.2% – Time to Sell?

Canada Goose Holdings Inc. (TSE:GOOS)’s share price traded down 14.2% during trading on Thursday . The company traded as low as C$16.92 and last traded at C$17.10. 54,375 shares were traded during trading, a decline of 78% from the average session volume of 244,178 shares. The stock had previously closed at C$19.94.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded shares of Canada Goose from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$22.00 to C$25.00 in a research note on Monday, September 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$19.00.

Canada Goose Stock Up 2.7%

The business has a 50-day simple moving average of C$19.04 and a 200-day simple moving average of C$16.80. 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 company has a market cap of C$1.71 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 0.61 and a beta of 2.41.

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.