Canada Goose Holdings Inc. (NYSE:GOOS) Stock Has Average Price Target of $11.78

Canada Goose Holdings Inc. (NYSE:GOOS) has earned an average recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.78.

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group dropped their price objective on shares of Canada Goose from $12.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. TD Cowen lifted their price objective on Canada Goose from $13.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Zacks Research upgraded Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Robert W. Baird set a $11.41 target price on Canada Goose in a research note on Friday, July 31st.

Canada Goose Price Performance

Canada Goose stock opened at $8.10 on Friday. The company has a market cap of $790.56 million, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 0.62 and a beta of 1.65. Canada Goose has a one year low of $7.36 and a one year high of $14.60. The business has a fifty day moving average of $7.99 and a two-hundred day moving average of $9.38. 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 posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.06. The business had revenue of $83.71 million for the quarter, compared to analysts’ expectations of $76.34 million. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. As a group, analysts predict that Canada Goose will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Canada Goose

Institutional investors and hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP boosted its stake in shares of Canada Goose by 36.7% during the 2nd quarter. Engineers Gate Manager LP now owns 47,565 shares of the company’s stock worth $452,000 after acquiring an additional 12,775 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Canada Goose in the 2nd quarter valued at about $367,000. Spark Investment Management LLC increased its stake in Canada Goose by 52.6% in the 2nd quarter. Spark Investment Management LLC now owns 58,000 shares of the company’s stock valued at $549,000 after buying an additional 20,000 shares during the period. Penn Capital Management Company LLC purchased a new stake in shares of Canada Goose during the second quarter worth $247,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Canada Goose during the 2nd quarter worth about $177,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

About Canada Goose

Canada Goose Holdings Inc is a Canadian luxury outerwear and apparel company best known for its premium parkas and cold-weather clothing. Its product portfolio includes jackets, coats, knitwear, footwear, gloves, hats and other accessories designed for performance in demanding climates.

The company sells its products through directly operated retail stores, its e-commerce platform and select wholesale partners. Canada Goose serves customers in North America, Europe and Asia-Pacific, with a brand presence in major international markets.