Canada Goose (TSE:GOOS) Trading Down 0.4% - Here's What Happened

Key Points

• Shares fell 0.4% to C$15.45 on Friday, trading as low as C$15.45 on volume of about 38,940 shares, a 73% drop from the average daily volume of 143,490.
• Wells Fargo cut its price target from C$22 to C$19 but maintained an "overweight" rating; the stock retains a consensus Buy rating with an average target of C$22.
• Valuation and technicals show caution: market cap C$1.50B, P/E ~70.2 and debt-to-equity 176.8, with the 50-day SMA (C$15.71) below the 200-day SMA (C$17.47).

Canada Goose Holdings Inc. (TSE:GOOS - Get Free Report) dropped 0.4% on Friday . The company traded as low as C$15.45 and last traded at C$15.45. Approximately 38,940 shares were traded during trading, a decline of 73% from the average daily volume of 143,490 shares. The stock had previously closed at C$15.51.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered their price objective on Canada Goose from C$22.00 to C$19.00 and set an "overweight" rating on the stock in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$22.00.

Canada Goose Price Performance

The stock has a 50 day simple moving average of C$15.71 and a two-hundred day simple moving average of C$17.47. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of 70.23, a price-to-earnings-growth ratio of 0.61 and a beta of 1.77. The company has a debt-to-equity ratio of 176.78, a current ratio of 2.12 and a quick ratio of 0.69.

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. 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.

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