Canada Goose (NYSE:GOOS) Hits New 1-Year Low – Here’s Why

Canada Goose Holdings Inc. (NYSE:GOOS) hit a new 52-week low on Tuesday . The company traded as low as $9.28 and last traded at $9.29, with a volume of 35692 shares traded. The stock had previously closed at $9.44.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GOOS. UBS Group reduced their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Barclays reduced their price target on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Wells Fargo & Company lowered shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $9.00 price objective (down previously from $11.50) on shares of Canada Goose in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Canada Goose currently has a consensus rating of “Hold” and a consensus price target of $11.80.

Canada Goose Stock Performance

The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85. The stock has a market cap of $902.57 million, a P/E ratio of 25.20, a P/E/G ratio of 0.57 and a beta of 1.35. The business’s 50-day moving average price is $10.64 and its 200-day moving average price is $11.65.

Institutional Trading of Canada Goose

Several hedge funds have recently bought and sold shares of GOOS. Toronto Dominion Bank lifted its position in shares of Canada Goose by 28.3% during the 3rd quarter. Toronto Dominion Bank now owns 31,430 shares of the company’s stock valued at $394,000 after buying an additional 6,930 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Canada Goose during the 3rd quarter worth approximately $189,000. Y Intercept Hong Kong Ltd bought a new stake in Canada Goose during the 3rd quarter worth approximately $390,000. MML Investors Services LLC purchased a new position in Canada Goose during the third quarter valued at approximately $200,000. Finally, K2 Principal Fund L.P. bought a new position in shares of Canada Goose in the third quarter worth approximately $501,000. Institutional investors own 83.64% of the company’s stock.

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.