Canada Goose (NYSE:GOOS) Sets New 1-Year Low – Here’s What Happened

Canada Goose Holdings Inc. (NYSE:GOOS) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $9.06 and last traded at $9.20, with a volume of 233535 shares. The stock had previously closed at $9.31.

Analysts Set New Price Targets

Several brokerages have recently commented on GOOS. Barclays decreased their target price on Canada Goose from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Evercore ISI decreased their target price on Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Finally, The Goldman Sachs Group decreased their target price on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.60.

Canada Goose Stock Down 3.8 %

The firm has a market cap of $844.63 million, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 1.00 and a beta of 1.35. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average of $10.25 and a 200-day moving average of $10.37.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. As a group, sell-side analysts forecast that Canada Goose Holdings Inc. will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in Canada Goose by 193.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock worth $40,000 after acquiring an additional 2,087 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Canada Goose by 4,213.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock worth $43,000 after acquiring an additional 4,213 shares during the period. Deutsche Bank AG raised its stake in shares of Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock worth $80,000 after buying an additional 5,259 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Canada Goose in the 4th quarter worth $100,000. Finally, Aigen Investment Management LP bought a new stake in shares of Canada Goose in the 4th quarter worth $103,000. Institutional investors and hedge funds 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.