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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have received a consensus recommendation of “Reduce” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $11.80.

A number of equities research analysts recently commented on GOOS shares. Raymond James cut shares of Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th. UBS Group cut their price target on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Wedbush initiated coverage on Canada Goose in a research note on Friday, July 19th. They issued an “outperform” rating on the stock. Finally, Barclays reduced their target price on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd.

Institutional Trading of Canada Goose

Several institutional investors and hedge funds have recently bought and sold shares of GOOS. Marshall Wace LLP raised its position in shares of Canada Goose by 8.1% in the second quarter. Marshall Wace LLP now owns 1,087,414 shares of the company’s stock worth $14,060,000 after buying an additional 81,090 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Canada Goose by 0.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock valued at $7,297,000 after acquiring an additional 2,752 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Canada Goose by 0.6% during the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock worth $7,138,000 after purchasing an additional 3,338 shares in the last quarter. Armistice Capital LLC bought a new position in shares of Canada Goose in the second quarter worth approximately $4,332,000. Finally, Raymond James & Associates raised its stake in Canada Goose by 55.1% in the third quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock valued at $4,173,000 after purchasing an additional 118,291 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Canada Goose Stock Up 1.4 %

GOOS stock opened at $10.36 on Tuesday. The stock has a market cap of $1.00 billion, a P/E ratio of 28.00, a P/E/G ratio of 0.56 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25. The stock’s fifty day simple moving average is $11.16 and its two-hundred day simple moving average is $11.85. Canada Goose has a 1-year low of $9.80 and a 1-year high of $14.75.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. The company had revenue of $64.39 million for the quarter, compared to the consensus estimate of $63.47 million. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. Analysts expect that Canada Goose will post 0.84 EPS for the current year.

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.