Canada Goose Holdings Inc. (NYSE:GOOS) Receives $12.48 Consensus Target Price from Analysts

Canada Goose Holdings Inc. (NYSE:GOOS) has been assigned a consensus recommendation of “Reduce” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.7820.

GOOS has been the subject of a number of research reports. Wall Street Zen cut shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Barclays lowered their price target on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. TD Cowen boosted their target price on Canada Goose from $13.00 to $18.00 and gave the company a “buy” rating in a report on Friday, July 31st. UBS Group dropped their target price on Canada Goose from $12.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Williams Trading cut Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th.

Hedge Funds Weigh In On Canada Goose

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew 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 buying an additional 859 shares during the period. Invesco Ltd. lifted its position in shares of Canada Goose by 7.2% during the 2nd quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock valued at $169,000 after acquiring an additional 1,012 shares during the period. National Bank of Canada FI boosted 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 acquiring an additional 1,320 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Canada Goose by 5.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company’s stock worth $324,000 after acquiring an additional 1,630 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Canada Goose by 30.8% in the 4th 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 during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Trading Up 2.2%

GOOS opened at $8.76 on Monday. The firm has a market cap of $851.04 million, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.62. Canada Goose has a 52 week low of $8.56 and a 52 week high of $15.40. The business’s 50 day moving average is $9.52 and its two-hundred day moving average is $10.73. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.77.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, July 30th. The company reported ($0.64) EPS for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.06. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. The business had revenue of $83.71 million for the quarter, compared to analysts’ expectations of $76.34 million. During the same period in the previous year, the company posted $0.91 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, research analysts predict that Canada Goose will post 0.9 EPS for the current year.

Canada Goose Company Profile

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.