Canada Goose (TSE:GOOS) Trading 1.7% Higher - Here's What Happened

Key Points

• Canada Goose's stock price increased by 1.7%, closing at C$19.11 after reaching a daily high of C$19.14, although trading volume was significantly lower than the average.
• TD Securities upgraded Canada Goose's rating from "hold" to "buy" and increased its price target from C$22.00 to C$25.00, reflecting positive analyst sentiment.
• The company has a market cap of C$1.85 billion and a price-to-earnings ratio of 39.81, indicating strong financial metrics but also suggesting potential overvaluation.

Canada Goose Holdings Inc. (TSE:GOOS - Get Free Report)'s stock price traded up 1.7% on Monday . The stock traded as high as C$19.14 and last traded at C$19.11. 75,609 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 263,713 shares. The stock had previously closed at C$18.79.

Analyst Upgrades and Downgrades

Separately, TD Securities raised shares of Canada Goose from a "hold" rating to a "buy" rating and lifted their target price for the company from C$22.00 to C$25.00 in a report on Monday, September 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Canada Goose currently has a consensus rating of "Hold" and a consensus target price of C$16.67.

Canada Goose Price Performance

The company has a debt-to-equity ratio of 168.00, a current ratio of 2.01 and a quick ratio of 0.69. The stock has a market cap of C$1.85 billion, a price-to-earnings ratio of 39.81, a PEG ratio of 0.61 and a beta of 2.36. The company's 50 day moving average is C$17.78 and its 200 day moving average is C$15.28.

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.

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