Canada Goose (NYSE:GOOS) Trading Down 2.4%

Canada Goose Holdings Inc. (NYSE:GOOS)’s share price dropped 2.4% during mid-day trading on Tuesday . The stock traded as low as $11.58 and last traded at $11.64. Approximately 174,031 shares traded hands during trading, a decline of 87% from the average daily volume of 1,330,125 shares. The stock had previously closed at $11.93.

Wall Street Analysts Forecast Growth

GOOS has been the topic of a number of analyst reports. Barclays upped their target price on shares of Canada Goose from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Evercore upped their target price on Canada Goose from $11.00 to $12.00 and gave the company an “in-line” rating in a report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.60.

Canada Goose Price Performance

The business’s fifty day simple moving average is $12.62 and its 200-day simple moving average is $12.42. The company has a current ratio of 1.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. The firm has a market cap of $1.15 billion, a P/E ratio of 37.65, a PEG ratio of 1.36 and a beta of 1.49.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The company had revenue of $448.03 million for the quarter, compared to analysts’ expectations of $455.25 million. Canada Goose had a return on equity of 23.30% and a net margin of 3.86%. As a group, analysts forecast that Canada Goose Holdings Inc. will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Institutional investors have recently added to or reduced their stakes in the business. Clear Street Markets LLC purchased a new position in shares of Canada Goose in the 4th quarter worth about $31,000. Gyon Technologies Capital Management LP bought a new position in Canada Goose during the fourth quarter valued at approximately $38,000. Deutsche Bank AG purchased a new position in shares of Canada Goose during the fourth quarter worth approximately $49,000. Great West Life Assurance Co. Can lifted its holdings in shares of Canada Goose by 44.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,732 shares of the company’s stock worth $66,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Canada Goose by 438.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the company’s stock worth $118,000 after acquiring an additional 6,575 shares during the last quarter. 83.64% of the stock is currently owned by 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.