Canada Goose (NYSE:GOOS) Shares Gap Down - What's Next?

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $11.85, but opened at $11.27. Canada Goose shares last traded at $10.99, with a volume of 347,491 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on GOOS. Wedbush initiated coverage on Canada Goose in a research note on Friday, July 19th. They issued an "outperform" rating on the stock. Raymond James downgraded shares of Canada Goose from an "outperform" rating to a "market perform" rating in a report on Tuesday, July 23rd. UBS Group reduced their target price on shares of Canada Goose from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Barclays lowered their price target on shares of Canada Goose from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Friday, August 2nd. Finally, Wells Fargo & Company downgraded shares of Canada Goose from an "equal weight" rating to an "underweight" rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $14.07.

Canada Goose Trading Down 5.2 %

The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.63 and a current ratio of 2.14. The business's 50-day moving average price is $11.14 and its 200 day moving average price is $11.92. The company has a market cap of $1.08 billion, a P/E ratio of 30.05, a P/E/G ratio of 0.64 and a beta of 1.32.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping analysts' consensus estimates of ($0.60) by $0.02. The business had revenue of $64.39 million during the quarter, compared to analysts' expectations of $63.47 million. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. As a group, analysts expect that Canada Goose Holdings Inc. will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On Canada Goose

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Canada Goose by 17.1% in 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 Canada Goose in the 1st quarter valued at about $210,000. BNP Paribas Financial Markets raised its holdings in Canada Goose by 2,048.6% in the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company's stock valued at $252,000 after acquiring an additional 19,953 shares during the period. GAM Holding AG lifted its position in Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company's stock worth $323,000 after acquiring an additional 8,430 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Canada Goose during the second quarter worth approximately $338,000. 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.