Brokerages Set Canada Goose Holdings Inc. (NYSE:GOOS) Price Target at $12.53

Canada Goose Holdings Inc. (NYSE:GOOS) has received a consensus recommendation of “Reduce” from the ten brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.5320.

GOOS has been the subject of several analyst reports. Williams Trading upgraded shares of Canada Goose from a “strong sell” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings raised shares of Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Zacks Research raised shares of Canada Goose from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Evercore set a $10.00 target price on shares of Canada Goose in a research note on Friday, May 15th. Finally, Robert W. Baird set a $11.66 target price on shares of Canada Goose in a report on Friday, May 15th.

Canada Goose Trading Up 2.3%

Shares of GOOS stock opened at $9.66 on Thursday. The stock has a market cap of $938.86 million, a price-to-earnings ratio of 74.35 and a beta of 1.61. The stock has a 50-day moving average of $9.87 and a 200-day moving average of $11.20. The company has a current ratio of 2.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.65. Canada Goose has a 1-year low of $9.16 and a 1-year high of $15.43.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The company had revenue of $325.89 million for the quarter, compared to the consensus estimate of $295.79 million. During the same quarter last year, the business earned $0.33 earnings per share. Canada Goose’s revenue was up 17.9% compared to the same quarter last year. On average, equities research analysts forecast that Canada Goose will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in Canada Goose by 4.2% during the first quarter. Royal Bank of Canada now owns 270,743 shares of the company’s stock worth $2,970,000 after purchasing an additional 11,015 shares during the period. Clough Capital Partners L P bought a new stake in Canada Goose in the first quarter worth approximately $917,000. Lazard Asset Management LLC acquired a new position in Canada Goose in the first quarter valued at approximately $160,000. Dimensional Fund Advisors LP lifted its stake in Canada Goose by 47.5% in the first quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company’s stock valued at $6,233,000 after buying an additional 182,916 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Canada Goose by 161.6% during the 1st quarter. Hsbc Holdings PLC now owns 32,767 shares of the company’s stock worth $357,000 after buying an additional 20,240 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

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.