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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) gapped down before the market opened on Monday . The stock had previously closed at $11.24, but opened at $10.60. Canada Goose shares last traded at $10.68, with a volume of 194,077 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. The Goldman Sachs Group restated a “sell” rating and set a $9.00 price target (down from $11.50) on shares of Canada Goose in a research note on Monday. Wells Fargo & Company downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. Wedbush assumed coverage on shares of Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating on the stock. Raymond James lowered shares of Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Finally, UBS Group decreased their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Canada Goose has a consensus rating of “Hold” and a consensus target price of $11.80.

Canada Goose Trading Down 2.2 %

The business’s 50-day simple moving average is $11.21 and its two-hundred day simple moving average is $11.88. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $986.24 million, a PE ratio of 27.73, a PEG ratio of 0.64 and a beta of 1.32.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. The firm had revenue of $64.39 million during the quarter, compared to analyst estimates of $63.47 million. On average, analysts predict that Canada Goose Holdings Inc. will post 0.84 earnings per share for the current year.

Hedge Funds Weigh In On Canada Goose

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Canada Goose by 17.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after purchasing an additional 2,002 shares during the last quarter. Claro Advisors LLC acquired a new position in shares of Canada Goose during the first quarter valued at $210,000. BNP Paribas Financial Markets grew its position in shares of Canada Goose by 2,048.6% during the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after acquiring an additional 19,953 shares during the last quarter. GAM Holding AG lifted its position in Canada Goose by 50.9% in the 2nd quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after purchasing an additional 8,430 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Canada Goose in the 2nd quarter worth about $338,000. 83.64% of the stock is currently 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.