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

Canada Goose Holdings Inc. (NYSE:GOOS) has been given an average rating of “Reduce” by the ten ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $12.5320.

A number of research firms have recently weighed in on GOOS. Evercore set a $10.00 price target on Canada Goose in a report on Friday, May 15th. Weiss Ratings lowered Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Williams Trading upgraded 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 shares of Canada Goose in a research note on Friday, May 15th. Finally, Barclays reduced their target price on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, May 15th.

Canada Goose Stock Down 2.3%

GOOS stock opened at $9.43 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58. The company’s 50 day simple moving average is $10.06 and its 200-day simple moving average is $11.31. Canada Goose has a 12 month low of $9.16 and a 12 month high of $15.43. The firm has a market capitalization of $915.54 million, a PE ratio of 72.50 and a beta of 1.61.

Canada Goose (NYSE:GOOS) last posted its earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $325.89 million during the quarter, compared to analysts’ expectations of $295.79 million. Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. Canada Goose’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Equities analysts expect that Canada Goose will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canada Goose

Several institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Canada Goose during the fourth quarter worth approximately $27,000. PenderFund Capital Management Ltd. purchased a new stake in Canada Goose in the 3rd quarter worth approximately $45,000. US Bancorp DE acquired a new position in Canada Goose in the 3rd quarter valued at $83,000. CANADA LIFE ASSURANCE Co raised its holdings in Canada Goose by 30.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after acquiring an additional 1,893 shares during the last quarter. Finally, Stifel Financial Corp purchased a new position in shares of Canada Goose during the 4th quarter worth $138,000. Hedge funds and other institutional investors 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.