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

Canada Goose Holdings Inc. (NYSE:GOOS) shares gapped down prior to trading on Thursday . The stock had previously closed at $14.15, but opened at $12.26. Canada Goose shares last traded at $11.8480, with a volume of 604,686 shares changing hands.

Analyst Upgrades and Downgrades

GOOS has been the subject of a number of analyst reports. TD Cowen raised shares of Canada Goose from a “hold” rating to a “buy” rating and upped their price objective for the company from $16.00 to $18.00 in a report on Monday, September 8th. Robert W. Baird set a $28.00 target price on shares of Canada Goose in a research note on Thursday, August 28th. Baird R W raised shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, October 8th. Finally, Barclays lowered their price objective on shares of Canada Goose from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.00.

Canada Goose Stock Performance

The firm has a fifty day moving average of $13.69 and a 200-day moving average of $12.12. The company has a quick ratio of 0.89, a current ratio of 2.02 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.25 and a beta of 1.64.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GOOS. Plato Investment Management Ltd purchased a new position in Canada Goose in the 3rd quarter valued at about $88,000. State of Wyoming boosted its holdings in Canada Goose by 8.2% in the third quarter. State of Wyoming now owns 55,614 shares of the company’s stock valued at $767,000 after acquiring an additional 4,233 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in Canada Goose in the third quarter valued at $3,056,000. Vanguard Personalized Indexing Management LLC raised its position in Canada Goose by 14.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 15,410 shares of the company’s stock valued at $213,000 after purchasing an additional 1,956 shares during the period. Finally, True Vision MN LLC purchased a new position in Canada Goose in the third quarter valued at about $289,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

About Canada Goose

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.