Canada Goose Holdings Inc (NYSE: GOOS) stock jumped 0.09% on Monday to $10.85 against a previous-day closing price of $10.84. With 1.17 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.23 million shares. During the session, the Apparel Manufacturing company that operates in wider Consumer Cyclical sector, reached to the highest price of $11.13 whereas the lowest price it dropped to was $10.73. The 52-week range on GOOS shows that it touched its highest point at $24.73 and its lowest point at $9.80 during that stretch. It currently has a 1-year price target of $11.62. Beta for the stock currently stands at 1.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GOOS was up-trending over the past week, with a rise of 8.28%, but this was down by -10.77% over a month. Three-month performance dropped to -29.41% while six-month performance fell -36.40%. The stock lost -39.25% in the past year, while it has lost -39.08% so far this year. A look at the trailing 12-month EPS for GOOS yields 0.36 with Next year EPS estimates of 0.80. For the next quarter, that number is 0.99. This implies an EPS growth rate of -19.38% for this year and 26.87% for next year. EPS is expected to grow by 14.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.70%.
Float and Shares Shorts:
At present, 53.18 million GOOS shares are outstanding with a float of 50.00 million shares on hand for trading. On Oct 30, 2023, short shares totaled 15.26 million, which was 15.05% higher than short shares on Sep 28, 2023. In addition to Mr. Dani Reiss C.M. as the firm’s Chairman & CEO, Ms. Carrie Baker serves as its President.
Through their ownership of 113.11% of GOOS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.48% of GOOS, in contrast to 40.30% held by mutual funds. As the largest shareholder in GOOS with 13.66% of the stake, Morgan Stanley Investment Managem holds 7,090,153 shares worth 7,090,153. A second-largest stockholder of GOOS, Fidelity Management & Research Co, holds 5,826,179 shares, controlling over 11.23% of the firm’s shares. Manulife Investment Management is the third largest shareholder in GOOS, holding 4,967,875 shares or 9.57% stake. With a 8.77% stake in GOOS, the Morgan Stanley Instl. Fund-Intern is the largest stakeholder. A total of 4,552,503 shares are owned by the mutual fund manager. The Patient Opportunity Trust, which owns about 5.01% of GOOS stock, is the second-largest Mutual Fund holder. It holds 2,600,000 shares valued at 28.86 million. MFS New Discovery Value Fund holds 4.37% of the stake in GOOS, owning 2,267,370 shares worth 25.17 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GOOS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GOOS analysts setting a high price target of $23.85 and a low target of $7.00, the average target price over the next 12 months is $11.62. Based on these targets, GOOS could surge 119.82% to reach the target high and fall by -35.48% to reach the target low. Reaching the average price target will result in a growth of 7.1% from current levels.