Canada Goose (NYSE:GOOS) Hits New 12-Month Low – Should You Sell?

Canada Goose Holdings Inc. (NYSE:GOOS) shares hit a new 52-week low on Tuesday . The stock traded as low as $9.06 and last traded at $9.20, with a volume of 233535 shares changing hands. The stock had previously closed at $9.31.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GOOS. Evercore ISI cut their price objective on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Barclays reduced their price target on shares of Canada Goose from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Finally, The Goldman Sachs Group dropped their price target on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.60.

Canada Goose Stock Performance

The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $10.29 and a 200 day moving average price of $10.40. The stock has a market cap of $888.49 million, a PE ratio of 17.65, a P/E/G ratio of 1.00 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, meeting the consensus estimate of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. Analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Canada Goose

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alberta Investment Management Corp purchased a new stake in shares of Canada Goose in the 4th quarter worth about $748,000. DRW Securities LLC bought a new stake in Canada Goose during the 3rd quarter valued at approximately $730,000. Verition Fund Management LLC purchased a new position in shares of Canada Goose during the 3rd quarter worth approximately $708,000. Pier Capital LLC bought a new position in shares of Canada Goose in the 3rd quarter worth approximately $2,057,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Canada Goose by 193.8% during the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after purchasing an additional 2,087 shares in the last quarter. 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.