Canada Goose (TSE:GOOS) Shares Pass Below 50 Day Moving Average – Time to Sell?

Canada Goose Holdings Inc. (TSE:GOOS)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$14.81 and traded as low as C$13.89. Canada Goose shares last traded at C$14.23, with a volume of 298,843 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Bank of America reduced their price objective on shares of Canada Goose from C$14.00 to C$13.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$16.57.

Canada Goose Stock Performance

The company’s fifty day simple moving average is C$14.81 and its 200 day simple moving average is C$14.62. 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$1.38 billion, a P/E ratio of 19.01, a P/E/G ratio of 0.61 and a beta of 1.29.

Insider Buying and Selling at Canada Goose

In other Canada Goose news, Senior Officer David Martin Forrest sold 7,927 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of C$13.94, for a total value of C$110,466.71. Insiders own 1.57% of the company’s stock.

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.