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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) hit a new 52-week low during trading on Thursday . The stock traded as low as $9.80 and last traded at $9.83, with a volume of 212734 shares traded. The stock had previously closed at $10.02.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GOOS. Raymond James cut shares of Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Wedbush began coverage on Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating on the stock. UBS Group cut their price target on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Wells Fargo & Company downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. Finally, Barclays cut their target price on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.80.

Canada Goose Trading Down 2.5 %

The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.63 and a current ratio of 2.14. The firm has a market cap of $943.27 million, a P/E ratio of 27.07, a P/E/G ratio of 0.56 and a beta of 1.32. The firm has a 50 day simple moving average of $11.10 and a 200 day simple moving average of $11.83.

Canada Goose (NYSE:GOOS) last posted its earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. The business had revenue of $64.39 million for the quarter, compared to analyst estimates of $63.47 million. On average, equities research analysts predict that Canada Goose Holdings Inc. will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Associates Ltd. grew its position in Canada Goose by 0.6% during the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock worth $7,138,000 after buying an additional 3,338 shares in the last quarter. GAM Holding AG grew its holdings in shares of Canada Goose by 60.0% during the third quarter. GAM Holding AG now owns 40,000 shares of the company’s stock worth $501,000 after purchasing an additional 15,000 shares in the last quarter. Raymond James & Associates increased its position in shares of Canada Goose by 55.1% in the third quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock worth $4,173,000 after purchasing an additional 118,291 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Canada Goose in the second quarter valued at approximately $338,000. Finally, Point72 Asset Management L.P. purchased a new stake in Canada Goose in the second quarter valued at approximately $839,000. 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.