Canada Goose Holdings Inc. (NYSE:GOOS) Stock Rated “Reduce” by Wall Street Brokerages

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been given a consensus recommendation of “Reduce” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $11.78.

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

Institutional Investors Weigh In On Canada Goose

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Canada Goose by 47.5% in the 1st 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. Royal Bank of Canada boosted its position 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 in the last quarter. Great Hill Capital LLC boosted its position in Canada Goose by 62.0% during the first quarter. Great Hill Capital LLC now owns 132,065 shares of the company’s stock worth $1,449,000 after purchasing an additional 50,529 shares in the last quarter. Clough Capital Partners L P acquired a new position in shares of Canada Goose during the 1st quarter worth $917,000. Finally, Spark Investment Management LLC raised its stake in shares of Canada Goose by 52.6% during the 2nd quarter. Spark Investment Management LLC now owns 58,000 shares of the company’s stock worth $549,000 after buying an additional 20,000 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Canada Goose Stock Down 3.3%

Canada Goose stock opened at $8.05 on Friday. The stock has a 50 day moving average of $7.95 and a two-hundred day moving average of $9.32. Canada Goose has a twelve month low of $7.36 and a twelve month high of $14.60. The stock has a market capitalization of $786.66 million, a price-to-earnings ratio of 20.65, a PEG ratio of 0.63 and a beta of 1.65. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 0.77.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.06. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%. The business had revenue of $83.71 million for the quarter, compared to analyst estimates of $76.34 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, research analysts expect that Canada Goose will post 0.74 earnings per share for the current year.

About Canada Goose

Canada Goose Holdings Inc designs, manufactures, and sells luxury apparel and accessories focused on cold-weather performance. Its product range includes parkas, jackets, vests, knitwear, footwear, gloves, hats, and other seasonal apparel for women, men, and children.

The company traces its origins to 1957, when Metro Sportswear was established in Toronto. It later adopted the Canada Goose name and built its reputation around insulated outerwear designed for harsh climates, combining technical materials and construction with premium fashion positioning.

Canada Goose sells its products through company-operated retail stores, e-commerce platforms, and select wholesale partners.