Canada Goose (TSE:GOOS) Trading Down 14.2% – Should You 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 changed hands during trading, a decline of 78% from the average session volume of 244,178 shares. The stock had previously closed at C$19.94.

Analyst Upgrades and Downgrades

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

Canada Goose Stock Down 18.4%

The firm has a 50 day simple moving average of C$19.06 and a two-hundred day simple moving average of C$16.76. The company has a market capitalization of C$1.58 billion, a PE ratio of 33.90, a P/E/G ratio of 0.61 and a beta of 2.41. The company has a current ratio of 2.01, a quick ratio of 0.69 and a debt-to-equity ratio of 168.00.

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.