Canada Goose Holdings Inc. (NYSE:GOOS) Receives $14.07 Consensus PT from Brokerages

Canada Goose Holdings Inc. (NYSE:GOOS) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $14.07.

Several equities research analysts have recently weighed in on GOOS shares. Raymond James downgraded Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Wedbush assumed coverage on Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating for the company. UBS Group cut their price target on shares of Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Barclays decreased their price objective on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd.

Canada Goose Stock Down 1.7 %

Shares of GOOS opened at $12.32 on Friday. The company has a quick ratio of 0.63, a current ratio of 2.14 and a debt-to-equity ratio of 1.25. Canada Goose has a 52-week low of $9.80 and a 52-week high of $14.75. The company has a market cap of $1.19 billion, a PE ratio of 33.28, a P/E/G ratio of 0.58 and a beta of 1.32. The business has a fifty day moving average of $11.03 and a 200 day moving average of $11.92.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. The firm had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $63.47 million. On average, sell-side analysts expect that Canada Goose will post 0.83 EPS for the current year.

Institutional Trading of Canada Goose

A number of hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Canada Goose by 17.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after acquiring an additional 2,002 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Canada Goose by 0.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock worth $7,297,000 after purchasing an additional 2,752 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its position in shares of Canada Goose by 10.0% during the first quarter. Strategic Wealth Partners Ltd. now owns 71,126 shares of the company’s stock valued at $858,000 after buying an additional 6,442 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Canada Goose by 1.2% in the 1st quarter. Pinnacle Associates Ltd. now owns 609,408 shares of the company’s stock valued at $7,349,000 after buying an additional 7,067 shares in the last quarter. Finally, GAM Holding AG grew its position in shares of Canada Goose by 50.9% in the 2nd quarter. GAM Holding AG now owns 25,000 shares of the company’s stock worth $323,000 after buying an additional 8,430 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.