Canada Goose (NYSE:GOOS) Shares Gap Up to $11.42

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $11.42, but opened at $12.98. Canada Goose shares last traded at $13.38, with a volume of 4,429,278 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GOOS shares. Evercore upped their price target on Canada Goose from $11.00 to $12.00 and gave the company an "in-line" rating in a research note on Friday, February 2nd. Barclays raised their price target on Canada Goose from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $13.83.

Canada Goose Stock Performance

The stock has a market cap of $1.27 billion, a P/E ratio of 42.39, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.87 and a quick ratio of 0.81. The stock's 50 day simple moving average is $11.69 and its two-hundred day simple moving average is $11.82.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GOOS. Baillie Gifford & Co. bought a new stake in Canada Goose during the 3rd quarter worth about $2,092,000. The Manufacturers Life Insurance Company increased its position in shares of Canada Goose by 19.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,967,875 shares of the company's stock worth $72,905,000 after purchasing an additional 812,174 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Canada Goose by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,730,101 shares of the company's stock worth $25,363,000 after purchasing an additional 21,967 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of Canada Goose by 6.8% in the third quarter. Natixis Advisors L.P. now owns 23,316 shares of the company's stock valued at $342,000 after buying an additional 1,485 shares in the last quarter. Finally, Smead Capital Management Inc. acquired a new position in Canada Goose during the third quarter worth $3,475,000. Institutional investors and hedge funds own 83.64% of the company's stock.

About Canada Goose

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.