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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $9.80 and last traded at $9.83, with a volume of 212734 shares. The stock had previously closed at $10.02.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GOOS. The Goldman Sachs Group restated a “sell” rating and issued a $9.00 price target (down from $11.50) on shares of Canada Goose in a research note on Monday, October 21st. Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Wedbush began coverage on Canada Goose in a research note on Friday, July 19th. They issued an “outperform” rating on the stock. Barclays dropped their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Finally, UBS Group dropped their price target on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.80.

Canada Goose Trading Down 0.8 %

The stock has a fifty day moving average of $11.03 and a 200 day moving average of $11.81. The company has a market capitalization of $942.16 million, a P/E ratio of 27.06, a PEG ratio of 0.55 and a beta of 1.32. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.63 and a current ratio of 2.14.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. The company had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $63.47 million. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. As a group, equities research analysts anticipate that Canada Goose Holdings Inc. will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

A number of institutional investors and hedge funds have recently bought and sold shares of GOOS. BNP Paribas Financial Markets raised its holdings in Canada Goose by 2,048.6% during the first quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock valued at $252,000 after acquiring an additional 19,953 shares during the period. SG Americas Securities LLC raised its holdings in Canada Goose by 253.4% during the first quarter. SG Americas Securities LLC now owns 36,927 shares of the company’s stock valued at $445,000 after acquiring an additional 26,477 shares during the period. River Global Investors LLP raised its holdings in Canada Goose by 19.9% during the first quarter. River Global Investors LLP now owns 107,161 shares of the company’s stock valued at $1,292,000 after acquiring an additional 17,752 shares during the period. Russell Investments Group Ltd. raised its holdings in Canada Goose by 59.3% during the first quarter. Russell Investments Group Ltd. now owns 52,639 shares of the company’s stock valued at $635,000 after acquiring an additional 19,586 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its holdings in Canada Goose by 0.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock valued at $7,297,000 after acquiring an additional 2,752 shares during the period. 83.64% of the stock is owned by institutional investors.

About Canada Goose

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.