Canada Goose (TSE:GOOS) Trading Down 0.6% - What's Next?

Key Points

• Canada Goose Holdings Inc. experienced a 0.6% decline in stock price, trading at C$18.35 during mid-day on Tuesday, with a significant decrease in trading volume compared to the average.
• Analysts at TD Securities upgraded Canada Goose's rating from "hold" to "buy" and increased the price target from C$22.00 to C$25.00, reflecting positive sentiment towards the stock.
• The company has a market capitalization of C$1.78 billion and maintains a relatively high PE ratio of 38.23, indicating the stock's valuation compared to its earnings.

Canada Goose Holdings Inc. (TSE:GOOS - Get Free Report) was down 0.6% during mid-day trading on Tuesday . The stock traded as low as C$18.31 and last traded at C$18.35. Approximately 98,974 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 252,802 shares. The stock had previously closed at C$18.46.

Analyst Ratings Changes

Separately, TD Securities upgraded shares of Canada Goose from a "hold" rating to a "buy" rating and lifted their price objective 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 data from MarketBeat, Canada Goose presently has an average rating of "Buy" and a consensus target price of C$19.00.

Canada Goose Stock Performance

The company has a current ratio of 2.01, a quick ratio of 0.69 and a debt-to-equity ratio of 168.00. The stock has a market capitalization of C$1.78 billion, a PE ratio of 38.23, a PEG ratio of 0.61 and a beta of 2.38. The firm's 50-day simple moving average is C$18.36 and its two-hundred day simple moving average is C$16.05.

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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