Canada Goose (GOOS) Stock Price Down 7.4%

Canada Goose Holdings Inc (NYSE:GOOS)’s share price traded down 7.4% during trading on Monday . The stock traded as low as $47.37 and last traded at $47.48. 1,316,103 shares changed hands during trading, a decline of 38% from the average session volume of 2,123,817 shares. The stock had previously closed at $51.27.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Canada Goose from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Wednesday, April 17th. Wells Fargo & Co cut shares of Canada Goose from an “outperform” rating to a “market perform” rating and set a $48.00 price target on the stock. in a report on Thursday, January 24th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $76.86.

The company has a current ratio of 2.58, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm has a market cap of $5.38 billion, a P/E ratio of 75.65, a price-to-earnings-growth ratio of 1.20 and a beta of 2.69.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings results on Thursday, February 14th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $399.30 million for the quarter, compared to analysts’ expectations of $360.13 million. Canada Goose had a net margin of 17.71% and a return on equity of 52.29%. Canada Goose’s revenue was up 50.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. Sell-side analysts forecast that Canada Goose Holdings Inc will post 0.98 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. IFP Advisors Inc boosted its holdings in Canada Goose by 43.8% in the fourth quarter. IFP Advisors Inc now owns 719 shares of the company’s stock worth $30,000 after purchasing an additional 219 shares in the last quarter. Sigma Planning Corp boosted its holdings in Canada Goose by 8.1% in the first quarter. Sigma Planning Corp now owns 5,072 shares of the company’s stock worth $244,000 after purchasing an additional 382 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Canada Goose by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 12,570 shares of the company’s stock worth $604,000 after purchasing an additional 464 shares in the last quarter. US Bancorp DE boosted its holdings in Canada Goose by 65.1% in the first quarter. US Bancorp DE now owns 1,205 shares of the company’s stock worth $58,000 after purchasing an additional 475 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Canada Goose in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 51.01% of the company’s stock.

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About Canada Goose (NYSE:GOOS)

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

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