Canada Goose (NYSE:GOOS) Stock Price Down 3.5%

Canada Goose Holdings Inc. (NYSE:GOOS)’s stock price fell 3.5% during mid-day trading on Wednesday . The company traded as low as $11.42 and last traded at $11.46. 181,864 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 987,565 shares. The stock had previously closed at $11.88.

Analyst Upgrades and Downgrades

GOOS has been the subject of several research analyst reports. UBS Group dropped their price target on Canada Goose from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Raymond James cut shares of Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group upped their price objective on Canada Goose from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, May 17th. Evercore raised their price objective on shares of Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a research note on Friday, May 17th. Finally, Wedbush initiated coverage on Canada Goose in a research report on Friday, July 19th. They issued an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.07.

Canada Goose Trading Up 3.9 %

The business’s 50 day moving average price is $11.93 and its two-hundred day moving average price is $12.30. The company has a current ratio of 2.39, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 0.66 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.02. Canada Goose had a return on equity of 24.94% 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. On average, equities analysts predict that Canada Goose Holdings Inc. will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 buying an additional 2,002 shares in the last quarter. Claro Advisors LLC purchased a new stake in shares of Canada Goose in the first quarter worth approximately $210,000. BNP Paribas Financial Markets lifted its position in shares of Canada Goose by 2,048.6% during the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after purchasing an additional 19,953 shares during the last quarter. Aigen Investment Management LP boosted its position in Canada Goose by 103.3% in the 4th quarter. Aigen Investment Management LP now owns 23,033 shares of the company’s stock valued at $274,000 after buying an additional 11,703 shares during the period. Finally, GAM Holding AG grew its stake in 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 purchasing an additional 8,430 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

About Canada Goose

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.