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

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

GOOS has been the topic of a number of research analyst reports. Wall Street Zen downgraded Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. UBS Group lowered their price target on Canada Goose from $12.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Zacks Research downgraded Canada Goose from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, August 3rd. Barclays decreased their target price on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Finally, Weiss Ratings lowered shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th.

Hedge Funds Weigh In On Canada Goose

A number of hedge funds have recently made changes to their positions in GOOS. Northwestern Mutual Wealth Management Co. raised its position in Canada Goose by 15,788,723.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock valued at $474,359,000 after purchasing an additional 36,629,838 shares during the period. Marshall Wace LLP boosted its position in shares of Canada Goose by 132.5% during the fourth quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock worth $19,952,000 after buying an additional 877,987 shares during the period. Bank of America Corp DE grew its stake in shares of Canada Goose by 1,557.5% in the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock valued at $14,165,000 after buying an additional 1,189,523 shares in the last quarter. Kessler Investment Group LLC grew its stake in shares of Canada Goose by 126.8% in the fourth quarter. Kessler Investment Group LLC now owns 678,892 shares of the company’s stock valued at $8,792,000 after buying an additional 379,516 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Canada Goose by 21.2% in the 4th quarter. Pinnacle Associates Ltd. now owns 581,879 shares of the company’s stock valued at $7,535,000 after buying an additional 101,665 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Stock Down 0.1%

Shares of NYSE GOOS opened at $8.76 on Monday. The company has a market capitalization of $851.04 million, a P/E ratio of 22.46, a P/E/G ratio of 0.55 and a beta of 1.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97. The company has a 50 day simple moving average of $9.52 and a 200-day simple moving average of $10.71. Canada Goose has a 1 year low of $8.56 and a 1 year high of $15.40.

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