Canada Goose Holdings Inc. (NYSE:GOOS) Given Average Rating of "Reduce" by Brokerages

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) have earned a consensus recommendation of "Reduce" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $10.20.

A number of equities research analysts have recently commented on the company. Evercore ISI dropped their target price on Canada Goose from $13.00 to $10.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. Barclays reissued an "underweight" rating and issued a $8.00 price target (down previously from $10.00) on shares of Canada Goose in a research note on Monday, March 31st. Finally, Wells Fargo & Company upgraded shares of Canada Goose from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, April 30th.

Institutional Investors Weigh In On Canada Goose

Several hedge funds and other institutional investors have recently made changes to their positions in GOOS. Patient Capital Management LLC increased its stake in shares of Canada Goose by 3.4% in the 4th quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company's stock worth $38,661,000 after acquiring an additional 128,133 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Canada Goose in the 4th quarter valued at about $12,251,000. Scheer Rowlett & Associates Investment Management Ltd. grew its stake in shares of Canada Goose by 1.2% in the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,218,326 shares of the company's stock valued at $12,223,000 after buying an additional 14,341 shares during the period. Penn Capital Management Company LLC purchased a new stake in shares of Canada Goose in the 4th quarter valued at approximately $5,702,000. Finally, Portolan Capital Management LLC purchased a new stake in shares of Canada Goose during the 4th quarter valued at approximately $4,403,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Canada Goose Price Performance

Shares of NYSE:GOOS opened at $8.79 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. Canada Goose has a twelve month low of $6.73 and a twelve month high of $14.75. The company's 50 day moving average is $8.29 and its 200 day moving average is $9.45. The company has a market cap of $850.92 million, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26.

Canada Goose (NYSE:GOOS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, meeting analysts' consensus estimates of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. On average, sell-side analysts forecast that Canada Goose will post 0.7 EPS for the current year.

Canada Goose Company Profile

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.

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