Canada Goose (NYSE:GOOS) Shares Gap Down – Here’s What Happened

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) 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.

Wall Street Analyst Weigh In

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

Canada Goose Stock Performance

The stock’s 50-day moving average price is $10.18 and its 200 day moving average price is $10.52. 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 company has a market cap of $927.73 million, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 0.60 and a beta of 1.31.

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

Hedge Funds Weigh In On Canada Goose

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in Canada Goose by 193.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock worth $40,000 after buying an additional 2,087 shares during the period. Steward Partners Investment Advisory LLC increased its position in Canada Goose by 4,213.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock worth $43,000 after acquiring an additional 4,213 shares during the period. Aigen Investment Management LP acquired a new position in Canada Goose during the 4th quarter valued at $103,000. DGS Capital Management LLC acquired a new position in Canada Goose during the 3rd quarter valued at $131,000. Finally, Olympiad Research LP bought a new stake in Canada Goose in the 3rd quarter valued at $175,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.