Canada Goose (GOOS) Shares Gap Down to $63.18

Canada Goose Holdings Inc (NYSE:GOOS) gapped down prior to trading on Wednesday . The stock had previously closed at $63.05, but opened at $63.18. Canada Goose shares last traded at $64.89, with a volume of 636266 shares.

A number of research firms recently commented on GOOS. Robert W. Baird cut shares of Canada Goose from an “outperform” rating to a “neutral” rating in a report on Wednesday, August 1st. Barclays lifted their price target on shares of Canada Goose from $72.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, November 15th. Credit Suisse Group lifted their price target on shares of Canada Goose from $88.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, November 15th. Cowen reaffirmed a “buy” rating and issued a $77.00 price target on shares of Canada Goose in a report on Monday. Finally, Royal Bank of Canada lifted their price objective on shares of Canada Goose from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 14th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Canada Goose presently has a consensus rating of “Buy” and a consensus price target of $74.70.

The company has a market cap of $7.12 billion, a price-to-earnings ratio of 85.91, a P/E/G ratio of 2.08 and a beta of 2.21. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.73 and a current ratio of 3.91.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Wednesday, November 14th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.16. Canada Goose had a net margin of 15.35% and a return on equity of 44.05%. The business had revenue of $230.30 million during the quarter, compared to analyst estimates of $197.99 million. During the same period in the previous year, the business earned $0.29 EPS. Canada Goose’s revenue was up 33.7% compared to the same quarter last year. Analysts expect that Canada Goose Holdings Inc will post 1.01 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. grew its stake in Canada Goose by 2.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 60,680 shares of the company’s stock valued at $3,916,000 after buying an additional 1,380 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in Canada Goose by 1,728.8% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 285,300 shares of the company’s stock valued at $23,737,000 after buying an additional 269,700 shares in the last quarter. Banco de Sabadell S.A purchased a new position in Canada Goose in the 3rd quarter valued at approximately $554,000. AQR Capital Management LLC purchased a new position in Canada Goose in the 3rd quarter valued at approximately $2,295,000. Finally, Macquarie Group Ltd. grew its stake in Canada Goose by 57.7% in the 3rd quarter. Macquarie Group Ltd. now owns 1,202,906 shares of the company’s stock valued at $77,636,000 after buying an additional 440,317 shares in the last quarter. Institutional investors and hedge funds own 39.90% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by WKRB News and is the property of of WKRB News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.wkrb13.com/2018/11/23/canada-goose-goos-shares-gap-down-to-63-18.html.

Canada Goose Company Profile (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.

Featured Article: Why is insider trading harmful?

Receive News & Ratings for Canada Goose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply