Canada Goose (NYSE:GOOS) Shares Gap Down – Should You Sell?

Canada Goose Holdings Inc. (NYSE:GOOS) shares gapped down prior to trading on Monday . The stock had previously closed at $8.24, but opened at $7.80. Canada Goose shares last traded at $7.58, with a volume of 353,346 shares.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays reaffirmed an “underweight” rating and set a $8.00 price objective (down from $10.00) on shares of Canada Goose in a research report on Monday. Evercore ISI reduced their price target on Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Finally, The Goldman Sachs Group lowered their price objective on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Canada Goose currently has an average rating of “Hold” and an average target price of $10.20.

Canada Goose Trading Down 5.5 %

The stock’s 50 day moving average is $9.86 and its 200-day moving average is $10.15. The company has a market cap of $753.63 million, a P/E ratio of 14.91, a PEG ratio of 1.00 and a beta of 1.35. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. Research analysts anticipate that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Several hedge funds and other institutional investors have recently modified their holdings of GOOS. BNP Paribas Financial Markets grew its stake in shares of Canada Goose by 193.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after purchasing an additional 2,087 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Canada Goose by 4,213.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock worth $43,000 after buying an additional 4,213 shares during the last quarter. Deutsche Bank AG grew its position in Canada Goose by 192.0% during the fourth quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock valued at $80,000 after buying an additional 5,259 shares during the period. Virtu Financial LLC purchased a new stake in Canada Goose during the fourth quarter valued at approximately $100,000. Finally, Aigen Investment Management LP bought a new position in Canada Goose in the fourth quarter worth approximately $103,000. 83.64% of the stock is owned by institutional investors.

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.