Canada Goose (TSE:GOOS) Stock Price Down 8.8% - Should You Sell?

Key Points

• Shares of Canada Goose Holdings Inc. dropped 8.8% on Thursday, trading as low as C$15.93 before closing at C$16.13.
• Insider selling has been noted, with Senior Officer Daniel Binder selling over 2,000 shares at an average price of C$16.83 recently.
• The company holds a market cap of C$1.47 billion and has a debt-to-equity ratio of 168.00, indicating potential financial concerns.

Shares of Canada Goose Holdings Inc. (TSE:GOOS - ) dropped 8.8% during mid-day trading on Thursday . The company traded as low as C$15.93 and last traded at C$16.13. Approximately 282,926 shares traded hands during trading, an increase of 4% from the average daily volume of 271,362 shares. The stock had previously closed at C$17.68.

Canada Goose Trading Down 14.3%

The stock has a fifty day moving average of C$16.97 and a 200-day moving average of C$14.41. The company has a market cap of C$1.47 billion, a PE ratio of 20.24, a PEG ratio of 0.61 and a beta of 1.29. The company has a debt-to-equity ratio of 168.00, a quick ratio of 0.69 and a current ratio of 2.01.

Insider Activity at Canada Goose

In other Canada Goose news, Senior Officer Daniel Binder sold 2,037 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$16.83, for a total transaction of C$34,282.51. Also, Senior Officer Jonathan Sinclair sold 2,511 shares of Canada Goose stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$15.76, for a total value of C$39,569.59. Insiders sold 47,193 shares of company stock worth $775,871 in the last 90 days. 1.57% of the stock is owned by corporate insiders.

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.

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