Canada Goose (NYSE:GOOS) Shares Down 7% – Time to Sell?
by Teresa Graham · The Cerbat GemCanada Goose Holdings Inc. (NYSE:GOOS – Get Free Report)’s share price dropped 7% during trading on Wednesday . The company traded as low as $13.22 and last traded at $13.2850. Approximately 631,950 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 691,287 shares. The stock had previously closed at $14.28.
Analysts Set New Price Targets
GOOS has been the subject of a number of research analyst reports. UBS Group lifted their price target on Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday. Evercore ISI raised their price objective on shares of Canada Goose from $11.00 to $12.00 and gave the company an “in-line” rating in a research report on Friday, November 7th. Barclays boosted their target price on shares of Canada Goose from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Canada Goose presently has a consensus rating of “Hold” and a consensus target price of $15.50.
Read Our Latest Analysis on GOOS
Canada Goose Stock Performance
The firm has a market cap of $1.28 billion, a P/E ratio of 23.86 and a beta of 1.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.82 and a current ratio of 1.89. The stock’s 50-day moving average is $13.21 and its 200 day moving average is $13.07.
Canada Goose (NYSE:GOOS – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $195.63 million during the quarter, compared to analyst estimates of $274.05 million. Canada Goose had a net margin of 1.96% and a return on equity of 15.35%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. On average, research analysts predict that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. PenderFund Capital Management Ltd. bought a new stake in Canada Goose in the 3rd quarter valued at $45,000. US Bancorp DE acquired a new stake in shares of Canada Goose in the 3rd quarter valued at about $83,000. Plato Investment Management Ltd bought a new stake in shares of Canada Goose in the third quarter valued at about $88,000. Ameriprise Financial Inc. acquired a new position in shares of Canada Goose during the second quarter worth about $139,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Canada Goose during the second quarter worth about $151,000. Institutional investors and hedge funds own 83.64% of the company’s stock.
Canada Goose Company Profile
Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.
Founded in 1957 as Metro Sportswear Ltd.