Canada Goose (TSE:GOOS) Trading Down 1.5% – Here’s What Happened

Shares of Canada Goose Holdings Inc. (TSE:GOOS) fell 1.5% during trading on Friday . The company traded as low as C$16.50 and last traded at C$16.80. 251,240 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 182,084 shares. The stock had previously closed at C$17.06.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company decreased their price target 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$22.00.

Canada Goose Trading Down 1.5%

The company has a market cap of C$1.63 billion, a P/E ratio of 76.36, a PEG ratio of 0.61 and a beta of 2.10. The firm’s 50 day moving average is C$17.33 and its two-hundred day moving average is C$18.05. The company has a quick ratio of 0.69, a current ratio of 2.01 and a debt-to-equity ratio of 168.00.

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.