Canada Goose (NYSE:GOOS) Sets New 52-Week Low - What's Next?

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

Wall Street Analyst Weigh In

GOOS has been the topic of a number of research reports. Raymond James lowered Canada Goose from an "outperform" rating to a "market perform" rating in a report on Tuesday, July 23rd. 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. UBS Group dropped their price objective on shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. Barclays decreased their target price on shares of Canada Goose from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Friday, August 2nd. Finally, Wells Fargo & Company downgraded shares of Canada Goose from an "equal weight" rating to an "underweight" rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.80.

Canada Goose Stock Down 1.3 %

The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $902.08 million, a P/E ratio of 25.19, a PEG ratio of 0.57 and a beta of 1.35. The stock has a 50 day moving average price of $10.66 and a 200 day moving average price of $11.67.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GOOS. BNP Paribas Financial Markets increased its position in Canada Goose by 193.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company's stock valued at $40,000 after acquiring an additional 2,087 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company's stock worth $177,000 after purchasing an additional 2,002 shares during the last quarter. Olympiad Research LP acquired a new stake in Canada Goose in the third quarter valued at $175,000. Public Employees Retirement System of Ohio bought a new position in Canada Goose during the 3rd quarter worth $189,000. Finally, MML Investors Services LLC acquired a new position in Canada Goose during the 3rd quarter worth about $200,000. 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.