Canada Goose Holdings Inc (NYSE:GOOS)’s stock price dropped 7.5% during mid-day trading on Wednesday . The stock traded as low as $38.62 and last traded at $39.97, approximately 5,494,079 shares changed hands during trading. An increase of 176% from the average daily volume of 1,989,949 shares. The stock had previously closed at $43.21.
GOOS has been the subject of several research analyst reports. Goldman Sachs Group raised Canada Goose from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $65.00 to $47.00 in a research note on Friday, May 31st. Zacks Investment Research raised Canada Goose from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Wednesday, July 31st. Bank of America lowered Canada Goose from a “buy” rating to a “neutral” rating and set a $33.50 price objective for the company. in a research note on Thursday, May 30th. Wells Fargo & Co reissued a “hold” rating on shares of Canada Goose in a research note on Thursday, May 30th. Finally, HSBC started coverage on Canada Goose in a research note on Monday, May 20th. They set a “buy” rating and a $48.32 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.25.
The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 3.02. The business has a 50 day moving average price of $42.72. The stock has a market capitalization of $4.79 billion, a PE ratio of 39.19, a P/E/G ratio of 1.22 and a beta of 3.03.
Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Wednesday, May 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Canada Goose had a return on equity of 46.09% and a net margin of 17.24%. The firm had revenue of $156.20 million during the quarter, compared to analyst estimates of $158.85 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue was up 25.2% compared to the same quarter last year. Research analysts predict that Canada Goose Holdings Inc will post 1.26 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. Advisor Group Inc. lifted its stake in Canada Goose by 10.2% during the second quarter. Advisor Group Inc. now owns 3,759 shares of the company’s stock worth $146,000 after purchasing an additional 347 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of Canada Goose by 8.1% in the 1st quarter. Sigma Planning Corp now owns 5,072 shares of the company’s stock valued at $244,000 after acquiring an additional 382 shares during the last quarter. Optimum Investment Advisors bought a new stake in shares of Canada Goose in the 1st quarter valued at about $33,000. Kistler Tiffany Companies LLC bought a new stake in shares of Canada Goose in the 2nd quarter valued at about $29,000. Finally, Rehmann Capital Advisory Group lifted its stake in shares of Canada Goose by 454.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $47,000 after acquiring an additional 800 shares during the last quarter. 51.34% of the stock is owned by hedge funds and other institutional investors.
Canada Goose Company Profile (NYSE:GOOS)
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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