Canada Goose (NYSE:GOOS) Shares Gap Down to $39.97

Shares of Canada Goose Holdings Inc (NYSE:GOOS) gapped down prior to trading on Thursday . The stock had previously closed at $39.15, but opened at $39.97. Canada Goose shares last traded at $38.97, with a volume of 72,871 shares traded.

GOOS has been the subject of several recent analyst reports. Bank of America cut shares of Canada Goose from a “buy” rating to a “neutral” rating and set a $33.50 target price for the company. in a research note on Thursday, May 30th. Goldman Sachs Group raised shares of Canada Goose from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $65.00 to $47.00 in a research note on Friday, May 31st. HSBC initiated coverage on shares of Canada Goose in a research note on Monday, May 20th. They issued a “buy” rating and a $48.32 target price for the company. Zacks Investment Research raised shares of Canada Goose from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Wednesday, July 31st. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Canada Goose in a research note on Thursday, May 30th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Canada Goose presently has an average rating of “Buy” and a consensus price target of $67.25.

The company has a market cap of $4.61 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 1.18 and a beta of 3.03. The stock’s fifty day simple moving average is $42.76 and its two-hundred day simple moving average is $46.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 3.02.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.01. The company had revenue of $71.10 million for the quarter, compared to analyst estimates of $54.38 million. Canada Goose had a net margin of 17.24% and a return on equity of 46.09%. Canada Goose’s revenue for the quarter was up 59.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.16) EPS. Analysts predict that Canada Goose Holdings Inc will post 1.26 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Inc. boosted its holdings in shares of Canada Goose by 10.2% in the 2nd quarter. Advisor Group Inc. now owns 3,759 shares of the company’s stock valued at $146,000 after purchasing an additional 347 shares during the last quarter. Sigma Planning Corp boosted its holdings 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 purchasing an additional 382 shares during the last quarter. Optimum Investment Advisors acquired a new position in shares of Canada Goose in the 1st quarter valued at $33,000. Kistler Tiffany Companies LLC acquired a new position in shares of Canada Goose in the 2nd quarter valued at $29,000. Finally, Rehmann Capital Advisory Group boosted its holdings 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 purchasing an additional 800 shares during the last quarter. Institutional investors own 51.34% of the company’s stock.

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.

Featured Story: Yield Curve

Receive News & Ratings for Canada Goose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose and related companies with MarketBeat.com's FREE daily email newsletter.