Canada Goose (NYSE:GOOS) Shares Gap Down to $39.97

Canada Goose Holdings Inc (NYSE:GOOS) shares gapped down prior to trading on Thursday . The stock had previously closed at $39.15, but opened at $39.97. Canada Goose shares last traded at $38.97, with a volume of 72,871 shares.

A number of equities research analysts recently weighed in on GOOS shares. Zacks Investment Research raised shares of Canada Goose from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, July 31st. Bank of America downgraded shares of Canada Goose from a “buy” rating to a “neutral” rating and set a $33.50 price objective for the company. in a research report on Thursday, May 30th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Canada Goose in a research report on Thursday, May 30th. DA Davidson boosted their price objective on shares of Canada Goose from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Goldman Sachs Group raised shares of Canada Goose from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $65.00 to $47.00 in a research report on Friday, May 31st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $67.25.

The company has a current ratio of 3.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average is $42.76 and its two-hundred day moving average is $46.85. The firm has a market cap of $4.61 billion, a P/E ratio of 37.46, a P/E/G ratio of 1.18 and a beta of 3.03.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01. Canada Goose had a net margin of 17.24% and a return on equity of 46.09%. The business had revenue of $71.10 million during the quarter, compared to the consensus estimate of $54.38 million. During the same quarter in the prior year, the firm earned ($0.16) EPS. The company’s revenue for the quarter was up 59.1% compared to the same quarter last year. On average, analysts anticipate that Canada Goose Holdings Inc will post 1.26 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of GOOS. Kistler Tiffany Companies LLC bought a new position in Canada Goose in the 2nd quarter worth about $29,000. Optimum Investment Advisors bought a new position in Canada Goose in the 1st quarter worth about $33,000. Bremer Bank National Association bought a new position in Canada Goose in the 1st quarter worth about $46,000. Rehmann Capital Advisory Group grew its position in Canada Goose by 454.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock worth $47,000 after purchasing an additional 800 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in Canada Goose in the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 51.34% of the company’s stock.

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.

See Also: Economic Reports

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit