Canada Goose (NYSE:GOOS) Hits New 52-Week Low – Time to Sell?

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) reached a new 52-week low on Monday . The company traded as low as $8.56 and last traded at $8.6970, with a volume of 904612 shares trading hands. The stock had previously closed at $8.77.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Robert W. Baird set a $11.41 price objective on Canada Goose in a report on Friday, July 31st. Weiss Ratings lowered Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Barclays reduced their price target on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. TD Cowen boosted their price target on shares of Canada Goose from $13.00 to $18.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Williams Trading cut shares of Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $11.78.

Canada Goose Trading Down 1.2%

The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97. The business’s 50-day moving average is $9.52 and its two-hundred day moving average is $10.71. The firm has a market cap of $841.52 million, a P/E ratio of 22.21, a P/E/G ratio of 0.55 and a beta of 1.62.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.06. The business had revenue of $83.71 million for the quarter, compared to analyst estimates of $76.34 million. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%.Canada Goose’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. As a group, analysts predict that Canada Goose Holdings Inc. will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of Canada Goose

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOS. Royal Bank of Canada lifted its stake in Canada Goose by 4.2% in the first quarter. Royal Bank of Canada now owns 270,743 shares of the company’s stock valued at $2,970,000 after acquiring an additional 11,015 shares during the last quarter. Clough Capital Partners L P acquired a new stake in Canada Goose in the 1st quarter valued at about $917,000. Lazard Asset Management LLC acquired a new stake in Canada Goose in the 1st quarter valued at about $160,000. Dimensional Fund Advisors LP grew its holdings in Canada Goose by 47.5% during the first quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company’s stock worth $6,233,000 after purchasing an additional 182,916 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Canada Goose by 161.6% during the first quarter. Hsbc Holdings PLC now owns 32,767 shares of the company’s stock worth $357,000 after purchasing an additional 20,240 shares during the period. 83.64% of the stock is owned by institutional investors.

Canada Goose Company Profile

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.