Canada Goose (NYSE:GOOS) Stock Price Down 4.2%

Canada Goose Holdings Inc. (NYSE:GOOS)’s share price dropped 4.2% during trading on Tuesday . The company traded as low as $11.49 and last traded at $11.53. Approximately 276,584 shares changed hands during trading, a decline of 73% from the average daily volume of 1,014,388 shares. The stock had previously closed at $12.03.

Analyst Ratings Changes

GOOS has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a report on Friday, May 17th. Raymond James lowered Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday. Wedbush initiated coverage on Canada Goose in a report on Friday, July 19th. They set an “outperform” rating on the stock. The Goldman Sachs Group raised their target price on Canada Goose from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Finally, Evercore raised their target price on Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a research report on Friday, May 17th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.42.

Canada Goose Stock Performance

The company has a market capitalization of $1.08 billion, a PE ratio of 30.22, a PEG ratio of 0.68 and a beta of 1.35. The company has a quick ratio of 0.95, a current ratio of 2.39 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $13.13 and a two-hundred day moving average price of $12.45.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.07. Canada Goose had a return on equity of 25.44% and a net margin of 4.28%. The firm had revenue of $265.56 million during the quarter, compared to analyst estimates of $232.36 million. Analysts predict that Canada Goose Holdings Inc. will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of Canada Goose in the 4th quarter valued at about $124,000. Total Clarity Wealth Management Inc. bought a new position in Canada Goose during the 4th quarter valued at approximately $198,000. Claro Advisors LLC bought a new position in Canada Goose during the 1st quarter valued at approximately $210,000. GAM Holding AG bought a new position in Canada Goose during the 4th quarter valued at approximately $213,000. Finally, Shaker Investments LLC OH purchased a new position in shares of Canada Goose during the 4th quarter worth approximately $236,000. 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.