Canada Goose (NYSE:GOOS) Shares Gap Down – What’s Next?

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) gapped down before the market opened 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 traded.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Barclays restated an “underweight” rating and set a $8.00 price target (down from $10.00) on shares of Canada Goose in a research note on Monday. Finally, Evercore ISI reduced their price objective 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. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.20.

Canada Goose Stock Up 1.3 %

The firm has a 50-day simple moving average of $9.76 and a 200 day simple moving average of $10.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. The company has a market capitalization of $779.77 million, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.00 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, February 6th. The company reported $1.10 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%. On average, research analysts predict that Canada Goose Holdings Inc. will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in Canada Goose by 10.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company’s stock worth $167,000 after buying an additional 1,578 shares in the last quarter. Scion Asset Management LLC purchased a new stake in shares of Canada Goose during the fourth quarter worth about $249,000. Patient Capital Management LLC lifted its stake in shares of Canada Goose by 3.4% in the fourth quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company’s stock worth $38,661,000 after acquiring an additional 128,133 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in Canada Goose in the fourth quarter valued at about $145,000. Finally, Millennium Management LLC grew its stake in Canada Goose by 120.6% during the 4th quarter. Millennium Management LLC now owns 301,663 shares of the company’s stock valued at $3,026,000 after purchasing an additional 164,905 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other 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.