Canada Goose (NYSE:GOOS) Shares Gap Down – Time to Sell?

Canada Goose Holdings Inc. (NYSE:GOOS)’s share price gapped down before the market opened on Monday . The stock had previously closed at $8.24, but opened at $7.80. Canada Goose shares last traded at $7.58, with a volume of 353,346 shares.

Wall Street Analyst Weigh In

GOOS has been the topic of a number of analyst reports. Barclays reiterated an “underweight” rating and issued a $8.00 price objective (down from $10.00) on shares of Canada Goose in a research report on Monday. Evercore ISI lowered their target price on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Finally, The Goldman Sachs Group cut their price target on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a report on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.20.

Canada Goose Stock Up 1.3 %

The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. The company has a market capitalization of $779.77 million, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.00 and a beta of 1.35. The firm’s 50-day simple moving average is $9.76 and its two-hundred day simple moving average is $10.11.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. Sell-side analysts predict that Canada Goose Holdings Inc. will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Canada Goose by 10.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company’s stock valued at $167,000 after purchasing an additional 1,578 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Canada Goose by 193.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after buying an additional 2,087 shares in the last quarter. Olympiad Research LP grew its holdings in Canada Goose by 18.2% during the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock valued at $166,000 after buying an additional 2,549 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Canada Goose by 16.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company’s stock worth $242,000 after buying an additional 3,410 shares in the last quarter. Finally, 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 buying an additional 4,213 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

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.