Canada Goose (TSE:GOOS) Trading Down 0.3% – Here’s What Happened

Canada Goose Holdings Inc. (TSE:GOOS)’s stock price dropped 0.3% during trading on Friday . The stock traded as low as C$14.60 and last traded at C$14.81. Approximately 124,245 shares traded hands during trading, a decline of 21% from the average daily volume of 156,884 shares. The stock had previously closed at C$14.86.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut 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 report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Canada Goose currently has a consensus rating of “Buy” and a consensus price target of C$22.00.

Canada Goose Price Performance

The company has a current ratio of 2.12, a quick ratio of 0.69 and a debt-to-equity ratio of 176.78. The firm has a market cap of C$1.44 billion, a P/E ratio of 67.32, a PEG ratio of 0.61 and a beta of 1.87. The company has a fifty day moving average price of C$16.48 and a two-hundred day moving average price of C$17.92.

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.