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

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) shares gapped down prior to trading 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 traded.

Wall Street Analyst Weigh In

GOOS has been the subject of several recent research reports. Evercore ISI cut their target price on shares of Canada Goose from $13.00 to $10.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group reduced their price objective on Canada Goose from $9.00 to $8.00 and set a "sell" rating for the company in a research note on Tuesday, December 10th. Finally, Barclays reaffirmed an "underweight" rating and set a $8.00 target price (down from $10.00) on shares of Canada Goose in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $10.20.

Canada Goose Stock Performance

The stock has a market capitalization of $734.27 million, a PE ratio of 14.59, a P/E/G ratio of 1.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01. The firm has a 50 day moving average of $9.66 and a 200-day moving average of $10.08.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its 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 22.49%. Research analysts forecast that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

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Hedge Funds Weigh In On Canada Goose

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in shares of 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 purchasing an additional 2,087 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Canada Goose by 4,213.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company's stock valued at $43,000 after acquiring an additional 4,213 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock valued at $80,000 after acquiring an additional 5,259 shares in the last quarter. Virtu Financial LLC acquired a new stake in Canada Goose in the 4th quarter worth approximately $100,000. Finally, Aigen Investment Management LP bought a new stake in Canada Goose during the fourth quarter worth approximately $103,000. Institutional investors own 83.64% of the company's stock.

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.