Canada Goose (TSE:GOOS) Trading Down 0.8% – Here’s What Happened

Canada Goose Holdings Inc. (TSE:GOOS) was down 0.8% during trading on Friday . The company traded as low as C$15.12 and last traded at C$15.34. Approximately 73,621 shares were traded during trading, a decline of 44% from the average daily volume of 131,757 shares. The stock had previously closed at C$15.47.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their price objective on shares of Canada Goose from C$22.00 to C$19.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$22.00.

Canada Goose Stock Performance

The business’s fifty day moving average is C$15.55 and its two-hundred day moving average is C$17.16. The company has a quick ratio of 0.69, a current ratio of 2.12 and a debt-to-equity ratio of 176.78. The stock has a market capitalization of C$1.49 billion, a PE ratio of 69.73, a price-to-earnings-growth ratio of 0.61 and a beta of 1.77.

About Canada Goose

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.