Canada Goose Holdings Inc. (NYSE:GOOS) Receives $15.00 Consensus PT from Analysts

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have earned an average recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $15.00.

Several brokerages recently weighed in on GOOS. Barclays dropped their target price on shares of Canada Goose from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. UBS Group upped their price objective on Canada Goose from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, October 8th. Evercore ISI boosted their price target on Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a report on Friday, November 7th. Finally, TD Cowen raised shares of Canada Goose from a “hold” rating to a “buy” rating and increased their price objective for the company from $16.00 to $18.00 in a report on Monday, September 8th.

Canada Goose Trading Up 0.6%

Shares of NYSE:GOOS opened at $12.75 on Friday. The stock has a 50 day moving average of $13.24 and a 200 day moving average of $12.94. The company has a market cap of $1.24 billion, a PE ratio of 70.83 and a beta of 1.71. Canada Goose has a 12-month low of $6.73 and a 12-month high of $15.43. The company has a current ratio of 1.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.95.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The firm had revenue of $195.63 million for the quarter, compared to the consensus estimate of $274.05 million. Canada Goose had a return on equity of 15.35% and a net margin of 1.96%.Canada Goose’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. As a group, equities research analysts expect that Canada Goose will post 0.7 EPS for the current year.

Institutional Trading of Canada Goose

A number of institutional investors and hedge funds have recently bought and sold shares of GOOS. The Manufacturers Life Insurance Company boosted its holdings in shares of Canada Goose by 0.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company’s stock valued at $42,643,000 after purchasing an additional 39,012 shares during the last quarter. Portolan Capital Management LLC boosted its stake in Canada Goose by 46.2% during the third quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock valued at $29,979,000 after buying an additional 686,504 shares during the last quarter. Timucuan Asset Management Inc. FL boosted its stake in Canada Goose by 10.8% during the first quarter. Timucuan Asset Management Inc. FL now owns 1,948,240 shares of the company’s stock valued at $15,489,000 after buying an additional 189,715 shares during the last quarter. Bank of America Corp DE grew its holdings in Canada Goose by 1,557.5% during the 2nd 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. Finally, Marshall Wace LLP increased its stake in Canada Goose by 115.3% in the 2nd quarter. Marshall Wace LLP now owns 1,120,956 shares of the company’s stock worth $12,543,000 after acquiring an additional 600,242 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

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.