Canada Goose Holdings Inc. (NYSE:GOOS) Receives $10.60 Average Target Price from Brokerages

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have received an average recommendation of “Reduce” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $10.60.

GOOS has been the subject of a number of recent analyst reports. Barclays decreased their target price on Canada Goose from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group reduced their price objective on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Finally, Evercore ISI lowered their target price on Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th.

Canada Goose Price Performance

Shares of NYSE:GOOS opened at $8.39 on Friday. The business has a fifty day moving average price of $9.89 and a 200-day moving average price of $10.16. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. The company has a market capitalization of $811.72 million, a PE ratio of 16.13, a PEG ratio of 1.00 and a beta of 1.35. Canada Goose has a 1-year low of $8.25 and a 1-year high of $14.75.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) 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%. As a group, equities analysts expect that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Trading of Canada Goose

A number of hedge funds and other institutional investors have recently bought and sold shares of GOOS. Public Employees Retirement System of Ohio lifted its position in shares of Canada Goose by 10.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company’s stock valued at $167,000 after acquiring an additional 1,578 shares in the last quarter. Scion Asset Management LLC purchased a new stake in Canada Goose during the 4th quarter valued at approximately $249,000. Patient Capital Management LLC raised its position in shares of Canada Goose by 3.4% during the fourth quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company’s stock valued at $38,661,000 after buying an additional 128,133 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of Canada Goose in the fourth quarter worth $145,000. Finally, Millennium Management LLC boosted its position in shares of Canada Goose by 120.6% during the fourth quarter. Millennium Management LLC now owns 301,663 shares of the company’s stock worth $3,026,000 after acquiring an additional 164,905 shares during the last quarter. Hedge funds and other 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.