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

Canada Goose Holdings Inc. (NYSE:GOOS) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.30 and last traded at $9.3250, with a volume of 384111 shares changing hands. The stock had previously closed at $9.79.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Robert W. Baird set a $11.66 price target on Canada Goose in a research report on Friday, May 15th. Barclays decreased their price objective on Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, May 15th. Williams Trading upgraded shares of Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Sunday, May 17th. Wall Street Zen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Finally, Zacks Research raised shares of Canada Goose from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $12.53.

Canada Goose Stock Down 5.7%

The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58. The firm’s 50 day moving average price is $10.62 and its two-hundred day moving average price is $11.65. The firm has a market cap of $897.09 million, a price-to-earnings ratio of 71.28 and a beta of 1.62.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $325.89 million during the quarter, compared to analyst estimates of $295.79 million. Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. As a group, sell-side analysts forecast that Canada Goose Holdings Inc. will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in 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 during the last quarter. Clough Capital Partners L P purchased a new position in Canada Goose during the 1st quarter worth $917,000. Lazard Asset Management LLC purchased a new position in Canada Goose during the 1st quarter worth $160,000. Dimensional Fund Advisors LP lifted 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 worth $6,233,000 after acquiring an additional 182,916 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Canada Goose by 161.6% in the 1st quarter. Hsbc Holdings PLC now owns 32,767 shares of the company’s stock worth $357,000 after acquiring an additional 20,240 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.