Canada Goose (NYSE:GOOS) Shares Gap Down - Should You Sell?

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report)'s stock price 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.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company cut Canada Goose from an "equal weight" rating to an "underweight" rating in a report on Monday, October 14th. Barclays cut their price objective on Canada Goose from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Monday. The Goldman Sachs Group lowered their price target on shares of Canada Goose from $9.00 to $8.00 and set a "sell" rating on the stock in a report on Tuesday, December 10th. UBS Group reduced their price objective on shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. Finally, 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 research note on Monday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.60.

Canada Goose Stock Performance

The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71. The firm's 50-day moving average price is $10.18 and its 200-day moving average price is $10.51. The stock has a market cap of $953.14 million, a P/E ratio of 18.94, a PEG ratio of 0.60 and a beta of 1.31.

Canada Goose (NYSE:GOOS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 24.14%. Sell-side analysts expect that Canada Goose Holdings Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

A number of hedge funds have recently made changes to their positions in GOOS. The Manufacturers Life Insurance Company increased its stake in Canada Goose by 42.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,554,279 shares of the company's stock worth $69,595,000 after acquiring an additional 1,667,750 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in shares of Canada Goose by 1.2% in the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,218,326 shares of the company's stock valued at $12,223,000 after purchasing an additional 14,341 shares in the last quarter. Pinnacle Associates Ltd. increased its position in Canada Goose by 0.6% in the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company's stock worth $7,138,000 after purchasing an additional 3,338 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Canada Goose during the fourth quarter valued at $3,769,000. Finally, Raymond James & Associates lifted its position in Canada Goose by 55.1% during the third quarter. Raymond James & Associates now owns 333,064 shares of the company's stock valued at $4,173,000 after purchasing an additional 118,291 shares during the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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.