Canada Goose (NYSE:GOOS) Reaches New 1-Year Low – Time to Sell?

Canada Goose Holdings Inc. (NYSE:GOOS) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.30 and last traded at $9.3250, with a volume of 384111 shares trading hands. The stock had previously closed at $9.79.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GOOS shares. Zacks Research upgraded Canada Goose from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Robert W. Baird set a $11.66 price target on Canada Goose in a report on Friday, May 15th. Evercore set a $10.00 price target on shares of Canada Goose in a research report on Friday, May 15th. Weiss Ratings lowered shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Finally, Barclays dropped their target price on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $12.53.

Canada Goose Stock Up 0.7%

The firm has a 50 day moving average price of $10.55 and a 200-day moving average price of $11.59. The firm has a market cap of $917.49 million, a price-to-earnings ratio of 72.73 and a beta of 1.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $325.89 million during the quarter, compared to analyst estimates of $295.79 million. Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.Canada Goose’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, equities analysts predict that Canada Goose Holdings Inc. will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Canada Goose during the 4th quarter valued at $27,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Canada Goose during the third quarter worth $45,000. US Bancorp DE acquired a new stake in shares of Canada Goose during the third quarter worth $83,000. CANADA LIFE ASSURANCE Co increased its holdings in Canada Goose by 30.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after purchasing an additional 1,893 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in Canada Goose in the fourth quarter valued at about $138,000. 83.64% of the stock is owned by institutional investors.

About Canada Goose

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.