Canada Goose (NYSE:GOOS) Hits New 12-Month Low – Here’s Why

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. The stock had previously closed at $7.82.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 8th. TD Cowen increased their target price on shares of Canada Goose from $13.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Robert W. Baird set a $11.41 price target on shares of Canada Goose in a research note on Friday, July 31st. UBS Group lowered their price target on shares of Canada Goose from $12.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Wall Street Zen downgraded Canada Goose from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $11.78.

Canada Goose Stock Up 0.2%

The company has a market capitalization of $725.13 million, a PE ratio of 19.04, a PEG ratio of 0.47 and a beta of 1.62. 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 stock’s 50 day moving average is $8.69 and its 200 day moving average is $9.92.

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

Institutional Trading of Canada Goose

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of Canada Goose by 47.5% during the first 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. CenterBook Partners LP purchased a new position in Canada Goose during the fourth quarter valued at approximately $5,363,000. Royal Bank of Canada grew its stake in Canada Goose by 4.2% during 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 in the last quarter. Great Hill Capital LLC increased its holdings in Canada Goose by 62.0% during the 1st quarter. Great Hill Capital LLC now owns 132,065 shares of the company’s stock worth $1,449,000 after acquiring an additional 50,529 shares during the period. Finally, Clough Capital Partners L P bought a new stake in Canada Goose during the 1st quarter worth approximately $917,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Company Profile

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.