Canada Goose (NYSE:GOOS) Sets New 12-Month Low – Here’s What Happened

Canada Goose Holdings Inc. (NYSE:GOOS) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $9.14 and last traded at $9.1550, with a volume of 498316 shares. The stock had previously closed at $9.75.

Analyst Upgrades and Downgrades

Several brokerages have commented on GOOS. Weiss Ratings upgraded shares of Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Robert W. Baird set a $11.66 price objective on shares of Canada Goose in a research report on Friday, May 15th. Zacks Research upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Evercore set a $10.00 price objective on shares of Canada Goose in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.53.

Canada Goose Stock Performance

The company has a quick ratio of 1.58, a current ratio of 2.63 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $890.68 million, a P/E ratio of 70.42 and a beta of 1.61. The stock has a fifty day moving average of $9.72 and a 200-day moving average of $11.09.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $325.89 million during the quarter, compared to the consensus estimate of $295.79 million. Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The company’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, research analysts anticipate that Canada Goose Holdings Inc. will post 0.89 EPS for the current year.

Institutional Trading of Canada Goose

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Canada Goose in the fourth quarter worth $27,000. PenderFund Capital Management Ltd. bought a new position in Canada Goose in the third quarter valued at $45,000. US Bancorp DE bought a new position in Canada Goose in the third quarter valued at $83,000. CANADA LIFE ASSURANCE Co increased its stake in Canada Goose by 30.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after buying an additional 1,893 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in Canada Goose in the 4th quarter valued at $138,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.