Canada Goose (NYSE:GOOS) Sets New 12-Month Low – Time to Sell?

Canada Goose Holdings Inc. (NYSE:GOOS) reached a new 52-week low during trading on Tuesday . The company traded as low as $7.53 and last traded at $7.5950, with a volume of 262316 shares traded. The stock had previously closed at $7.82.

Analysts Set New Price Targets

GOOS has been the topic of several recent analyst reports. Weiss Ratings upgraded Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 8th. Zacks Research lowered Canada Goose from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, August 3rd. Wall Street Zen cut Canada Goose from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group decreased their price target on shares of Canada Goose from $12.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Finally, TD Cowen increased their price objective on shares of Canada Goose from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $11.78.

Canada Goose Stock Down 4.7%

The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.97 and a current ratio of 2.33. The firm has a 50 day simple moving average of $8.78 and a two-hundred day simple moving average of $9.99. The stock has a market cap of $728.06 million, a P/E ratio of 19.11, a P/E/G ratio of 0.50 and a beta of 1.62.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 182,916 shares in the last quarter. CenterBook Partners LP bought a new stake in Canada Goose in the 4th quarter valued at $5,363,000. Royal Bank of Canada raised its stake in shares of Canada Goose by 4.2% in the 1st quarter. Royal Bank of Canada now owns 270,743 shares of the company’s stock valued at $2,970,000 after buying an additional 11,015 shares in the last quarter. Great Hill Capital LLC raised its stake in shares of Canada Goose by 62.0% in the 1st quarter. Great Hill Capital LLC now owns 132,065 shares of the company’s stock valued at $1,449,000 after buying an additional 50,529 shares in the last quarter. Finally, Clough Capital Partners L P bought a new stake in Canada Goose in the first quarter valued at about $917,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

About Canada Goose

Canada Goose Holdings Inc designs, manufactures and sells performance luxury apparel and accessories under the Canada Goose brand. The company is best known for insulated parkas and winter jackets designed for cold-weather conditions, and its product range also includes lightweight jackets, knitwear, fleece, vests, pants, footwear, gloves, hats and other accessories.

The company sells its products through company-operated retail stores, e-commerce platforms and wholesale partners. Its operations serve customers in North America, Europe and Asia, including markets such as China, Japan and South Korea.