Canada Goose (NYSE:GOOS) Stock Price Down 7% – Should You Sell?

Canada Goose Holdings Inc. (NYSE:GOOS) dropped 7% on Wednesday . The company traded as low as $13.22 and last traded at $13.2850. Approximately 631,950 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 691,287 shares. The stock had previously closed at $14.28.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GOOS shares. Barclays lifted their price target on Canada Goose from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, October 8th. Evercore ISI increased their price target on shares of Canada Goose from $11.00 to $12.00 and gave the company an “in-line” rating in a research report on Friday, November 7th. Finally, UBS Group raised their price target on shares of Canada Goose from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Canada Goose presently has a consensus rating of “Hold” and an average target price of $15.17.

Canada Goose Trading Down 8.8%

The company has a quick ratio of 0.82, a current ratio of 1.89 and a debt-to-equity ratio of 0.95. The firm’s fifty day moving average is $13.22 and its two-hundred day moving average is $13.07. The firm has a market cap of $1.26 billion, a P/E ratio of 72.39 and a beta of 1.75.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $195.63 million during the quarter, compared to the consensus estimate of $274.05 million. Canada Goose had a return on equity of 15.35% and a net margin of 1.96%.The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 earnings per share. Analysts predict that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of Canada Goose

Several large investors have recently bought and sold shares of GOOS. Bank of America Corp DE raised its position in shares of Canada Goose by 1,557.5% in the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock worth $14,165,000 after acquiring an additional 1,189,523 shares in the last quarter. Portolan Capital Management LLC grew its stake in Canada Goose by 46.2% in the third quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock worth $29,979,000 after purchasing an additional 686,504 shares during the period. Headwater Capital Co Ltd bought a new position in Canada Goose in the second quarter worth $7,385,000. Marshall Wace LLP lifted its position in Canada Goose by 115.3% during the second quarter. Marshall Wace LLP now owns 1,120,956 shares of the company’s stock valued at $12,543,000 after buying an additional 600,242 shares during the period. Finally, Kessler Investment Group LLC purchased a new position in Canada Goose during the third quarter valued at $4,128,000. 83.64% of the stock is owned by institutional investors.

Canada Goose Company Profile

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.