Canada Goose (NYSE:GOOS) Shares Gap Down – What’s Next?

Canada Goose Holdings Inc. (NYSE:GOOS)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $10.64, but opened at $10.20. Canada Goose shares last traded at $10.03, with a volume of 343,099 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GOOS. UBS Group decreased their price objective on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Wells Fargo & Company downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group lowered their price target on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.60.

Canada Goose Stock Performance

The company has a quick ratio of 0.71, a current ratio of 1.85 and a debt-to-equity ratio of 1.21. The stock has a fifty day simple moving average of $10.18 and a 200-day simple moving average of $10.52. The company has a market capitalization of $927.73 million, a P/E ratio of 18.43, a PEG ratio of 0.60 and a beta of 1.31.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 24.14%. Equities analysts forecast that Canada Goose Holdings Inc. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GOOS. Cubist Systematic Strategies LLC bought a new position in Canada Goose in the 2nd quarter valued at $338,000. Raymond James & Associates raised its holdings in shares of Canada Goose by 55.1% in the third quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock valued at $4,173,000 after buying an additional 118,291 shares during the last quarter. GAM Holding AG lifted its position in Canada Goose by 60.0% during the 3rd quarter. GAM Holding AG now owns 40,000 shares of the company’s stock worth $501,000 after buying an additional 15,000 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in Canada Goose by 0.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock worth $7,138,000 after acquiring an additional 3,338 shares during the last quarter. Finally, Olympiad Research LP acquired a new stake in Canada Goose in the 3rd quarter valued at about $175,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.