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

Canada Goose Holdings Inc. (NYSE:GOOS) has earned an average recommendation of “Reduce” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.5320.

GOOS has been the topic of several research analyst reports. Wall Street Zen raised Canada Goose from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Barclays cut their target price on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Williams Trading raised Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Sunday, May 17th. Robert W. Baird set a $11.66 target price on Canada Goose in a research report on Friday, May 15th. Finally, Evercore set a $10.00 target price on Canada Goose in a research report on Friday, May 15th.

Canada Goose Price Performance

Shares of NYSE GOOS opened at $10.10 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.58 and a current ratio of 2.63. Canada Goose has a fifty-two week low of $9.30 and a fifty-two week high of $15.43. The firm has a market capitalization of $980.51 million, a PE ratio of 77.65 and a beta of 1.62. The stock’s 50-day simple moving average is $10.71 and its 200-day simple moving average is $11.80.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, May 14th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The business had revenue of $325.89 million for the quarter, compared to analyst estimates of $295.79 million. During the same period last year, the business posted $0.33 EPS. Canada Goose’s revenue was up 17.9% on a year-over-year basis. As a group, equities research analysts forecast that Canada Goose will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased 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 buying an additional 11,015 shares during the period. Clough Capital Partners L P acquired a new position in Canada Goose during the first quarter worth approximately $917,000. Lazard Asset Management LLC acquired a new position in Canada Goose during the first quarter worth approximately $160,000. Dimensional Fund Advisors LP increased its position in Canada Goose by 47.5% during the first quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company’s stock worth $6,233,000 after buying an additional 182,916 shares during the period. Finally, Hsbc Holdings PLC increased its position in Canada Goose by 161.6% during the first quarter. Hsbc Holdings PLC now owns 32,767 shares of the company’s stock worth $357,000 after buying an additional 20,240 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.