Canada Goose (NYSE:GOOS) Shares Pass Below 50-Day Moving Average – Time to Sell?

Canada Goose Holdings Inc. (NYSE:GOOS)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.19 and traded as low as $9.50. Canada Goose shares last traded at $9.5920, with a volume of 461,642 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GOOS. Wall Street Zen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Evercore set a $10.00 price target on Canada Goose in a report on Friday, May 15th. Barclays decreased their price target on Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, May 15th. Weiss Ratings cut Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Finally, Zacks Research upgraded Canada Goose from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $12.53.

Canada Goose Stock Up 0.0%

The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58. The company has a market cap of $931.77 million, a price-to-earnings ratio of 73.78 and a beta of 1.61. The firm’s 50 day simple moving average is $10.19 and its 200-day simple moving average is $11.39.

Canada Goose (NYSE:GOOS) last posted its earnings results on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The firm had revenue of $325.89 million for the quarter, compared to analyst estimates of $295.79 million. During the same quarter last year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Canada Goose Holdings Inc. will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Canada Goose in the fourth quarter valued at approximately $27,000. PenderFund Capital Management Ltd. acquired a new position in shares of Canada Goose in the 3rd quarter valued at $45,000. US Bancorp DE purchased a new stake in Canada Goose in the 3rd quarter valued at $83,000. CANADA LIFE ASSURANCE Co raised its position in Canada Goose by 30.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after purchasing an additional 1,893 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in Canada Goose in the 4th quarter valued at $138,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.