Analysts Set Canada Goose Holdings Inc. (NYSE:GOOS) Price Target at $14.07

Canada Goose Holdings Inc. (NYSE:GOOS) has earned an average rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.07.

Several equities research analysts recently weighed in on GOOS shares. Raymond James cut shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Evercore ISI boosted their target price on shares of Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a report on Friday, May 17th. UBS Group lowered their price target on shares of Canada Goose from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays reduced their price objective on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Finally, Wedbush assumed coverage on Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating on the stock.

Canada Goose Trading Down 1.6 %

Shares of GOOS stock opened at $10.53 on Monday. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. Canada Goose has a 12-month low of $9.80 and a 12-month high of $15.90. The stock’s 50-day moving average price is $11.52 and its 200-day moving average price is $12.21.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.02. The business had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $63.47 million. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. Equities research analysts predict that Canada Goose will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Canada Goose by 17.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after acquiring an additional 2,002 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of Canada Goose by 0.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock worth $7,297,000 after purchasing an additional 2,752 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its stake in shares of Canada Goose by 10.0% during the first quarter. Strategic Wealth Partners Ltd. now owns 71,126 shares of the company’s stock valued at $858,000 after purchasing an additional 6,442 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of Canada Goose by 1.2% in the first quarter. Pinnacle Associates Ltd. now owns 609,408 shares of the company’s stock worth $7,349,000 after purchasing an additional 7,067 shares during the last quarter. Finally, GAM Holding AG grew its holdings in shares of Canada Goose by 50.9% in the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock worth $323,000 after purchasing an additional 8,430 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.