Canada Goose (NYSE:GOOS) Trading Down 5% - Time to Sell?

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report)'s share price was down 5% during trading on Monday . The company traded as low as $11.46 and last traded at $11.47. Approximately 743,618 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 1,133,222 shares. The stock had previously closed at $12.07.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Thursday, May 22nd. Wells Fargo & Company raised Canada Goose from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, April 30th. Cowen reaffirmed a "hold" rating on shares of Canada Goose in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Canada Goose from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, UBS Group restated a "neutral" rating and issued a $11.00 price objective (up from $8.00) on shares of Canada Goose in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.50.

Canada Goose Stock Up 0.8%

The company has a 50 day moving average of $8.99 and a 200-day moving average of $9.56. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. The company has a market cap of $1.13 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26.

Canada Goose (NYSE:GOOS - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.17. The business had revenue of $266.83 million for the quarter, compared to the consensus estimate of $355.76 million. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. Canada Goose's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. On average, equities analysts predict that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

Institutional Trading of Canada Goose

Institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership purchased a new position in shares of Canada Goose in the fourth quarter worth $12,251,000. Penn Capital Management Company LLC purchased a new position in shares of Canada Goose in the fourth quarter valued at about $5,702,000. Portolan Capital Management LLC bought a new position in shares of Canada Goose during the fourth quarter valued at about $4,403,000. Raymond James Financial Inc. bought a new position in shares of Canada Goose during the fourth quarter valued at about $3,769,000. Finally, Pier Capital LLC boosted its holdings in shares of Canada Goose by 118.0% during the fourth quarter. Pier Capital LLC now owns 357,849 shares of the company's stock worth $3,589,000 after purchasing an additional 193,708 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.