Canada Goose Holdings Inc. (NYSE:GOOS) Given Average Rating of “Hold” by Brokerages

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have received an average recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $14.07.

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

Canada Goose Price Performance

Shares of GOOS stock opened at $10.28 on Thursday. The stock has a 50 day moving average price of $12.36 and a 200 day moving average price of $12.38. Canada Goose has a 52-week low of $9.80 and a 52-week high of $16.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.95 and a current ratio of 2.39. The firm has a market capitalization of $992.51 million, a P/E ratio of 27.78, a P/E/G ratio of 0.66 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, May 16th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.07. Canada Goose had a return on equity of 24.94% and a net margin of 4.66%. The business had revenue of $265.56 million for the quarter, compared to analyst estimates of $232.36 million. As a group, sell-side analysts predict that Canada Goose will post 0.81 earnings per share for the current year.

Hedge Funds Weigh In On Canada Goose

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Canada Goose in the 4th quarter worth approximately $124,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after acquiring an additional 2,002 shares in the last quarter. Claro Advisors LLC purchased a new position in Canada Goose in the first quarter worth $210,000. Shaker Investments LLC OH acquired a new position in shares of Canada Goose during the fourth quarter worth $236,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Canada Goose by 2,048.6% during the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock valued at $252,000 after purchasing an additional 19,953 shares during the last quarter. Hedge funds and other 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.