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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been assigned a consensus rating of “Reduce” from the nine analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.78.

A number of research analysts have recently issued reports on GOOS shares. Weiss Ratings cut Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. TD Cowen raised their price target on Canada Goose from $13.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Williams Trading downgraded Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Robert W. Baird set a $11.41 price objective on Canada Goose in a research note on Friday, July 31st. Finally, UBS Group cut their target price on shares of Canada Goose from $12.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, August 4th.

Canada Goose Trading Down 0.1%

Shares of GOOS opened at $7.59 on Tuesday. Canada Goose has a fifty-two week low of $7.36 and a fifty-two week high of $14.69. The firm has a market cap of $741.73 million, a price-to-earnings ratio of 19.47, a PEG ratio of 0.48 and a beta of 1.62. The firm has a 50 day moving average price of $8.39 and a 200-day moving average price of $9.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.97 and a current ratio of 2.33.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, July 30th. The company reported ($0.64) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.06. The company had revenue of $83.71 million for the quarter, compared to analyst estimates of $76.34 million. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. As a group, equities research analysts forecast that Canada Goose will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On Canada Goose

Several hedge funds and other institutional investors have recently modified their holdings of GOOS. Dimensional Fund Advisors LP grew its stake in shares of Canada Goose by 47.5% in the first quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company’s stock worth $6,233,000 after purchasing an additional 182,916 shares during the last quarter. CenterBook Partners LP purchased a new stake in Canada Goose in the 4th quarter worth approximately $5,363,000. Royal Bank of Canada grew its position in shares of Canada Goose by 4.2% in the 1st quarter. Royal Bank of Canada now owns 270,743 shares of the company’s stock worth $2,970,000 after buying an additional 11,015 shares during the last quarter. Great Hill Capital LLC increased its stake in shares of Canada Goose by 62.0% during the first quarter. Great Hill Capital LLC now owns 132,065 shares of the company’s stock valued at $1,449,000 after buying an additional 50,529 shares during the period. Finally, Clough Capital Partners L P bought a new position in shares of Canada Goose during the first quarter valued at approximately $917,000. 83.64% of the stock is owned by institutional investors.

Canada Goose Company Profile

Canada Goose Holdings Inc designs, manufactures and sells performance luxury apparel and accessories under the Canada Goose brand. The company is best known for insulated parkas and winter jackets designed for cold-weather conditions, and its product range also includes lightweight jackets, knitwear, fleece, vests, pants, footwear, gloves, hats and other accessories.

The company sells its products through company-operated retail stores, e-commerce platforms and wholesale partners. Its operations serve customers in North America, Europe and Asia, including markets such as China, Japan and South Korea.