Brokerages Set Canada Goose Holdings Inc. (NYSE:GOOS) Price Target at $11.60

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have received a consensus recommendation of “Reduce” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.60.

GOOS has been the topic of a number of analyst reports. Wells Fargo & Company lowered shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. UBS Group decreased their price objective on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group dropped their target price on Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, December 10th.

Canada Goose Price Performance

Shares of NYSE:GOOS opened at $10.69 on Thursday. The stock’s 50 day moving average is $10.17 and its 200-day moving average is $10.54. Canada Goose has a twelve month low of $9.23 and a twelve month high of $14.75. The company has a quick ratio of 0.71, a current ratio of 1.85 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 0.67 and a beta of 1.31.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09. The firm had revenue of $196.32 million for the quarter, compared to the consensus estimate of $183.60 million. Canada Goose had a net margin of 4.83% and a return on equity of 22.60%. During the same quarter in the prior year, the company posted $0.12 earnings per share. Sell-side analysts forecast that Canada Goose will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Several hedge funds have recently modified their holdings of GOOS. BNP Paribas Financial Markets increased its position in shares of Canada Goose by 193.8% during the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after acquiring an additional 2,087 shares during the last quarter. DGS Capital Management LLC bought a new position in Canada Goose in the 3rd quarter valued at $131,000. Olympiad Research LP increased its position in shares of Canada Goose by 18.2% during the 4th quarter. Olympiad Research LP now owns 16,543 shares of the company’s stock valued at $166,000 after purchasing an additional 2,549 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Canada Goose during the 3rd quarter worth $189,000. Finally, MML Investors Services LLC purchased a new position in shares of Canada Goose in the 3rd quarter worth about $200,000. 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.