Canada Goose (NYSE:GOOS) Sets New 1-Year Low - Time to Sell?

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

Wall Street Analyst Weigh In

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

Canada Goose Trading Down 2.9 %

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 market capitalization of $852.38 million, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.00 and a beta of 1.35. The business has a fifty day moving average price of $10.25 and a 200 day moving average price of $10.37.

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Canada Goose (NYSE:GOOS - Get Free Report) 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%. On average, analysts expect that Canada Goose Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of Canada Goose by 193.8% in the third 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. Steward Partners Investment Advisory LLC boosted its holdings in Canada Goose by 4,213.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company's stock valued at $43,000 after purchasing an additional 4,213 shares during the period. Deutsche Bank AG grew its position in shares of Canada Goose by 192.0% during the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock worth $80,000 after purchasing an additional 5,259 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Canada Goose during the fourth quarter worth approximately $100,000. Finally, Aigen Investment Management LP bought a new stake in shares of Canada Goose in the fourth quarter valued at approximately $103,000. 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.