Analysts Set Canada Goose Holdings Inc. (NYSE:GOOS) PT at $12.48

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

Several brokerages have commented on GOOS. Robert W. Baird set a $11.41 price target on shares of Canada Goose in a research note on Friday, July 31st. Wall Street Zen lowered Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Evercore set a $10.00 target price on Canada Goose in a report on Friday, May 15th. TD Cowen boosted their target price on Canada Goose from $13.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Zacks Research lowered Canada Goose from a “strong-buy” rating to a “strong sell” rating in a research note on Monday.

Institutional Trading of Canada Goose

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

Canada Goose Trading Up 0.2%

Canada Goose stock opened at $8.82 on Monday. Canada Goose has a 1 year low of $8.68 and a 1 year high of $15.40. The firm’s 50 day moving average price is $9.58 and its 200-day moving average price is $10.77. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 1.58. The stock has a market cap of $857.26 million, a P/E ratio of 22.63 and a beta of 1.62.

Canada Goose (NYSE:GOOS) last issued its 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 firm had revenue of $83.71 million during the quarter, compared to analyst estimates of $76.34 million. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. Canada Goose’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, equities analysts predict that Canada Goose will post 0.79 earnings per share for the current fiscal 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.