Canada Goose (NYSE:GOOS) Shares Down 6.6% - Should You Sell?

Key Points

• Canada Goose shares fell 6.6% to about $8.17, trading below both their 50-day moving average of $9.27 and 200-day moving average of $10.44.
• Analyst sentiment remains weak: the stock has an average “Reduce” rating, with five Sell, three Hold, and one Buy ratings; the average price target is $11.78.
• The company recently beat quarterly revenue and EPS estimates, reporting revenue of $83.71 million and an adjusted loss of $0.64 per share, while institutional investors own 83.64% of outstanding shares.

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) shares fell 6.6% on Monday . The stock traded as low as $8.14 and last traded at $8.1650. Approximately 732,524 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 652,225 shares. The stock had previously closed at $8.74.

Wall Street Analyst Weigh In

GOOS has been the topic of several recent research reports. Barclays dropped their price objective on shares of Canada Goose from $10.00 to $9.00 and set an "underweight" rating on the stock in a report on Friday, May 15th. UBS Group lowered their price target on shares of Canada Goose from $12.00 to $10.50 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings raised shares of Canada Goose from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Evercore set a $10.00 target price on shares of Canada Goose in a report on Friday, May 15th. Finally, Wall Street Zen downgraded Canada Goose from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $11.78.

Canada Goose Trading Down 6.9%

The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97. The stock has a market cap of $790.23 million, a P/E ratio of 20.83, a PEG ratio of 0.55 and a beta of 1.62. The firm's fifty day moving average price is $9.27 and its two-hundred day moving average price is $10.44.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.06. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%.The company had revenue of $83.71 million during the quarter, compared to analyst estimates of $76.34 million. During the same quarter last year, the company earned $0.91 earnings per share. The firm's quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts forecast that Canada Goose Holdings Inc. will post 0.9 EPS for the current year.

Institutional Investors Weigh In On Canada Goose

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in Canada Goose in the 4th quarter worth approximately $27,000. PenderFund Capital Management Ltd. bought a new stake in shares of Canada Goose during the 3rd quarter worth $45,000. US Bancorp DE bought a new stake in shares of Canada Goose during the 3rd quarter worth $83,000. CANADA LIFE ASSURANCE Co grew its position in Canada Goose by 30.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company's stock worth $105,000 after acquiring an additional 1,893 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in Canada Goose in the fourth quarter worth $138,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

About Canada Goose

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.

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