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

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $11.24, but opened at $10.60. Canada Goose shares last traded at $10.68, with a volume of 194,077 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GOOS shares. Wedbush began coverage on shares of Canada Goose in a research report on Friday, July 19th. They set an "outperform" rating on the stock. UBS Group lowered their price target on shares of Canada Goose from $14.00 to $13.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company lowered Canada Goose from an "equal weight" rating to an "underweight" rating in a report on Monday, October 14th. The Goldman Sachs Group restated a "sell" rating and issued a $9.00 target price (down previously from $11.50) on shares of Canada Goose in a research note on Monday. Finally, Raymond James lowered Canada Goose from an "outperform" rating to a "market perform" rating in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.00.

Canada Goose Stock Performance

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 firm has a market cap of $1.01 billion, a price-to-earnings ratio of 28.30, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. The firm's 50 day moving average is $11.21 and its 200-day moving average is $11.89.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GOOS. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 worth $177,000 after purchasing an additional 2,002 shares during the period. Silvercrest Asset Management Group LLC increased its position in Canada Goose by 0.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company's stock worth $7,297,000 after buying an additional 2,752 shares during the period. Strategic Wealth Partners Ltd. lifted its holdings in shares of Canada Goose by 10.0% during the first quarter. Strategic Wealth Partners Ltd. now owns 71,126 shares of the company's stock worth $858,000 after buying an additional 6,442 shares during the last quarter. GAM Holding AG grew its stake in shares of Canada Goose by 50.9% in 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, American Century Companies Inc. increased its position in Canada Goose by 94.3% during the second quarter. American Century Companies Inc. now owns 27,403 shares of the company's stock worth $354,000 after acquiring an additional 13,300 shares during the period. 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.