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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.77 and last traded at $6.86, with a volume of 1378380 shares. The stock had previously closed at $7.33.

Wall Street Analyst Weigh In

A number of research analysts have commented on GOOS shares. Barclays reiterated an "underweight" rating and issued a $8.00 price objective (down from $10.00) on shares of Canada Goose in a research report on Monday, March 31st. Evercore ISI cut their price objective on shares of Canada Goose from $13.00 to $10.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Canada Goose presently has a consensus rating of "Hold" and a consensus price target of $10.20.

Canada Goose Price Performance

The company's fifty day moving average price is $9.09 and its two-hundred day moving average price is $9.89. The company has a market cap of $762.83 million, a price-to-earnings ratio of 15.15, a PEG ratio of 1.00 and a beta of 1.32. The company has a quick ratio of 1.14, a current ratio of 2.01 and a debt-to-equity ratio of 0.81.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, hitting the consensus estimate of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. On average, equities research analysts forecast that Canada Goose Holdings Inc. will post 0.7 EPS for the current fiscal year.

Institutional Trading of Canada Goose

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in Canada Goose by 10.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company's stock worth $167,000 after purchasing an additional 1,578 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 2,087 shares during the last quarter. Olympiad Research LP increased its stake in shares of Canada Goose by 18.2% in the fourth quarter. Olympiad Research LP now owns 16,543 shares of the company's stock valued at $166,000 after buying an additional 2,549 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Canada Goose by 16.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 24,112 shares of the company's stock valued at $242,000 after buying an additional 3,410 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Canada Goose by 4,213.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company's stock worth $43,000 after acquiring an additional 4,213 shares during the period. 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.