Canada Goose Holdings Inc. (NYSE:GOOS – Get Rating)’s stock price traded down 6.4% during mid-day trading on Friday after Bank of America lowered their price target on the stock from $17.00 to $14.80. The stock traded as low as $17.09 and last traded at $17.13. 1,220,824 shares traded hands during trading, a decline of 37% from the average session volume of 1,950,813 shares. The stock had previously closed at $18.30.
Several other equities analysts have also issued reports on GOOS. Cowen decreased their price objective on Canada Goose from $26.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Robert W. Baird lowered Canada Goose from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 24th. UBS Group decreased their price objective on Canada Goose from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, March 29th. Credit Suisse Group boosted their price objective on Canada Goose from C$30.00 to C$36.00 in a research report on Wednesday, February 8th. Finally, Barclays lowered Canada Goose from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, May 2nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.48.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC lifted its stake in shares of Canada Goose by 16.2% in the first quarter. Squarepoint Ops LLC now owns 25,482 shares of the company’s stock valued at $491,000 after buying an additional 3,546 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in shares of Canada Goose by 34.1% in the first quarter. ArrowMark Colorado Holdings LLC now owns 4,217,772 shares of the company’s stock valued at $81,192,000 after buying an additional 1,073,374 shares in the last quarter. Manhattan West Asset Management LLC lifted its stake in shares of Canada Goose by 4.5% in the first quarter. Manhattan West Asset Management LLC now owns 51,220 shares of the company’s stock valued at $986,000 after buying an additional 2,212 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of Canada Goose in the first quarter valued at $3,267,000. Finally, Liberty One Investment Management LLC lifted its stake in shares of Canada Goose by 3.0% in the first quarter. Liberty One Investment Management LLC now owns 32,172 shares of the company’s stock valued at $619,000 after buying an additional 922 shares in the last quarter. 42.79% of the stock is owned by institutional investors.
Canada Goose Price Performance
The stock has a market capitalization of $1.79 billion, a P/E ratio of 39.84, a price-to-earnings-growth ratio of 0.55 and a beta of 1.63. The business’s 50 day simple moving average is $18.87 and its two-hundred day simple moving average is $19.02. The company has a quick ratio of 1.15, a current ratio of 2.20 and a debt-to-equity ratio of 0.79.
Canada Goose Company Profile
Canada Goose Holdings, Inc engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. It operates through the following segments: Direct-to-Consumer, Wholesale, and Other. The Direct-to-Consumer segment comprises of sales through country-specific e-Commerce platforms and its company-owned retail stores located in luxury shopping locations.