Canada Goose Holdings Inc. (NYSE:GOOS – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.30 and last traded at $9.3250, with a volume of 384111 shares. The stock had previously closed at $9.79.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Robert W. Baird set a $11.66 price objective on shares of Canada Goose in a research report on Friday, May 15th. Wall Street Zen upgraded Canada Goose from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Barclays dropped their target price on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Evercore set a $10.00 target price on Canada Goose in a research note on Friday, May 15th. Finally, Weiss Ratings cut Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Canada Goose currently has an average rating of “Reduce” and an average target price of $12.53.
Check Out Our Latest Report on GOOS
Canada Goose Stock Performance
Canada Goose (NYSE:GOOS – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The company had revenue of $325.89 million during the quarter, compared to analyst estimates of $295.79 million. During the same quarter last year, the business earned $0.33 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, analysts forecast that Canada Goose Holdings Inc. will post 0.83 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Canada Goose by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 30,314 shares of the company’s stock worth $392,000 after purchasing an additional 859 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Canada Goose by 1.5% during the 3rd quarter. TD Asset Management Inc now owns 59,646 shares of the company’s stock worth $821,000 after buying an additional 868 shares during the last quarter. Invesco Ltd. raised its stake in shares of Canada Goose by 7.2% during the 2nd quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock worth $169,000 after buying an additional 1,012 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Canada Goose by 6.4% during the 3rd quarter. National Bank of Canada FI now owns 21,825 shares of the company’s stock worth $291,000 after buying an additional 1,320 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Canada Goose by 5.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company’s stock worth $324,000 after buying an additional 1,630 shares in the last quarter. 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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