Canada Goose (NYSE:GOOS) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Canada Goose Holdings Inc. (NYSE:GOOS) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.30 and traded as low as $8.42. Canada Goose shares last traded at $8.54, with a volume of 787,831 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on GOOS. Barclays decreased their price objective on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. UBS Group reduced their target price on Canada Goose from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings raised Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Robert W. Baird set a $11.41 price target on Canada Goose in a report on Friday, July 31st. Finally, Williams Trading downgraded Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Canada Goose currently has a consensus rating of “Reduce” and a consensus target price of $11.78.

Canada Goose Price Performance

The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 0.77. The stock has a market cap of $829.58 million, a PE ratio of 21.90, a P/E/G ratio of 0.55 and a beta of 1.62. The company has a fifty day moving average of $9.30 and a 200-day moving average of $10.47.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.06. The company had revenue of $83.71 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. Sell-side analysts expect that Canada Goose Holdings Inc. will post 0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Canada Goose by 47.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company’s stock valued at $6,233,000 after buying an additional 182,916 shares during the period. Kessler Investment Group LLC increased its stake in shares of Canada Goose by 126.8% during the fourth quarter. Kessler Investment Group LLC now owns 678,892 shares of the company’s stock worth $8,792,000 after buying an additional 379,516 shares during the period. Simcoe Capital LLC purchased a new stake in shares of Canada Goose during the fourth quarter worth approximately $2,649,000. Clough Capital Partners L P acquired a new stake in Canada Goose in the first quarter valued at approximately $917,000. Finally, CenterBook Partners LP acquired a new stake in Canada Goose in the fourth quarter valued at approximately $5,363,000. 83.64% of the stock is owned by hedge funds and other 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.