Canada Goose Holdings Inc. (NYSE:GOOS) Receives Consensus Rating of “Reduce” from Analysts

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been given an average recommendation of “Reduce” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.60.

GOOS has been the topic of several recent research reports. Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. The Goldman Sachs Group cut their price objective on Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Finally, UBS Group decreased their target price on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd.

Canada Goose Stock Up 1.2 %

NYSE:GOOS opened at $10.69 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71. Canada Goose has a one year low of $9.23 and a one year high of $14.75. The firm’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $10.54. The company has a market cap of $1.04 billion, a PE ratio of 28.90, a P/E/G ratio of 0.67 and a beta of 1.31.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. The company had revenue of $196.32 million for the quarter, compared to analyst estimates of $183.60 million. Canada Goose had a net margin of 4.83% and a return on equity of 22.60%. During the same quarter in the previous year, the business earned $0.12 earnings per share. On average, research analysts anticipate that Canada Goose will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Canada Goose

Hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its position in shares of Canada Goose by 42.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,554,279 shares of the company’s stock worth $69,595,000 after buying an additional 1,667,750 shares during the period. Pier Capital LLC bought a new position in Canada Goose during the third quarter worth $2,057,000. Raymond James & Associates grew its holdings in Canada Goose by 55.1% in the third quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock worth $4,173,000 after purchasing an additional 118,291 shares during the period. Alberta Investment Management Corp bought a new stake in Canada Goose in the fourth quarter valued at $748,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Canada Goose during the second quarter valued at about $839,000. 83.64% of the stock is currently owned by institutional investors.

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.