Canada Goose (NYSE:GOOS) Shares Down 2.4%

Canada Goose Holdings Inc. (NYSE:GOOS) traded down 2.4% during mid-day trading on Tuesday . The company traded as low as $11.58 and last traded at $11.64. 174,031 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,330,125 shares. The stock had previously closed at $11.93.

Analyst Ratings Changes

Several research analysts have recently commented on GOOS shares. Evercore raised their price target on Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a research report on Friday, February 2nd. Barclays raised their target price on Canada Goose from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.60.

Canada Goose Stock Up 4.9 %

The stock has a market cap of $1.15 billion, a PE ratio of 37.65, a P/E/G ratio of 1.36 and a beta of 1.49. The business has a 50 day moving average of $12.62 and a 200-day moving average of $12.42. The company has a current ratio of 1.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.06). The business had revenue of $448.03 million during the quarter, compared to analysts’ expectations of $455.25 million. Canada Goose had a net margin of 3.86% and a return on equity of 23.30%. Equities research analysts predict that Canada Goose Holdings Inc. will post 0.66 EPS for the current fiscal year.

Institutional Trading of Canada Goose

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates acquired a new stake in shares of Canada Goose in the 1st quarter worth $1,061,000. Acadian Asset Management LLC acquired a new stake in Canada Goose in the first quarter valued at about $286,000. BlackRock Inc. boosted its holdings in Canada Goose by 0.5% in the 1st quarter. BlackRock Inc. now owns 465,058 shares of the company’s stock valued at $12,244,000 after purchasing an additional 2,086 shares in the last quarter. Vanguard Group Inc. increased its position in Canada Goose by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 1,626,615 shares of the company’s stock worth $42,828,000 after purchasing an additional 20,326 shares during the period. Finally, USS Investment Management Ltd purchased a new position in shares of Canada Goose during the 1st quarter worth approximately $949,000. 83.64% of the stock is owned by institutional investors and hedge funds.

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.