Canada Goose Holdings Inc. (NYSE:GOOS) Receives Consensus Rating of “Reduce” from Brokerages

Canada Goose Holdings Inc. (NYSE:GOOS) has earned an average rating of “Reduce” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.60.

A number of equities research analysts have recently issued reports on GOOS shares. The Goldman Sachs Group cut their price objective on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Evercore ISI reduced 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, Barclays lowered their target price on Canada Goose from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Alberta Investment Management Corp bought a new stake in shares of Canada Goose in the 4th quarter worth approximately $748,000. Raymond James & Associates increased its position in Canada Goose by 55.1% during the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock valued at $4,173,000 after purchasing an additional 118,291 shares during the period. DRW Securities LLC bought a new position in Canada Goose in the 3rd quarter worth $730,000. Verition Fund Management LLC purchased a new stake in shares of Canada Goose in the 3rd quarter worth about $708,000. Finally, Pier Capital LLC bought a new stake in shares of Canada Goose during the 3rd quarter valued at about $2,057,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Trading Down 0.9 %

NYSE GOOS opened at $10.24 on Monday. 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 stock’s 50-day simple moving average is $10.34 and its two-hundred day simple moving average is $10.46. Canada Goose has a twelve month low of $9.23 and a twelve month high of $14.75. The company has a market capitalization of $990.70 million, a price-to-earnings ratio of 19.68, a PEG ratio of 1.00 and a beta of 1.31.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.10 EPS 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%. Research analysts forecast that Canada Goose will post 0.7 EPS for the current fiscal year.

Canada Goose Company Profile

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.