Canada Goose (NYSE:GOOS) Stock Price Down 5.2%

Canada Goose Holdings Inc. (NYSE:GOOS)’s stock price was down 5.2% during mid-day trading on Wednesday . The company traded as low as $11.02 and last traded at $11.02. Approximately 184,046 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 954,945 shares. The stock had previously closed at $11.63.

Analyst Ratings Changes

Several research analysts recently weighed in on GOOS shares. Barclays dropped their target price on 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. Evercore boosted their target price on Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a research note on Friday, May 17th. Evercore ISI boosted their target price on Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a research note on Friday, May 17th. The Goldman Sachs Group boosted their price target on Canada Goose from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, UBS Group dropped their price target on Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Canada Goose presently has a consensus rating of “Hold” and an average target price of $14.07.

Canada Goose Stock Performance

The company has a quick ratio of 0.63, a current ratio of 2.14 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average of $11.66 and a 200-day moving average of $12.25. The stock has a market cap of $1.08 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last announced 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. The firm had revenue of $64.39 million during the quarter, compared to the consensus estimate of $63.47 million. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. On average, equities analysts forecast that Canada Goose Holdings Inc. will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Canada Goose

A number of hedge funds and other institutional investors have recently modified their holdings of GOOS. Jump Financial LLC acquired a new position in shares of Canada Goose during the 4th quarter worth approximately $1,187,000. Alberta Investment Management Corp grew its stake in Canada Goose by 638.2% in the 4th quarter. Alberta Investment Management Corp now owns 100,400 shares of the company’s stock worth $1,198,000 after acquiring an additional 86,800 shares during the period. Patient Capital Management LLC grew its stake in Canada Goose by 16.0% in the 4th quarter. Patient Capital Management LLC now owns 3,842,824 shares of the company’s stock worth $45,537,000 after acquiring an additional 529,177 shares during the period. Boulder Hill Capital Management LP purchased a new stake in Canada Goose during the 4th quarter worth $784,000. Finally, Claro Advisors LLC purchased a new stake in Canada Goose during the 1st quarter worth $210,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.