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

Key Points

• Analysts have given Canada Goose Holdings Inc. a consensus recommendation of "Hold", with one sell rating, four hold ratings, and one buy rating among six ratings firms.
• Shares of Canada Goose opened at $11.34 and reported a 52-week low of $6.73 and a high of $15.43, with an average 1-year price target set at $11.00.
• The company missed earnings estimates with reported earnings of ($0.66) per share, against a consensus of (0.62), but generated revenue of $77.91 million, exceeding expectations.

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) have received a consensus recommendation of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.00.

Several brokerages recently issued reports on GOOS. Evercore ISI set a $11.00 target price on shares of Canada Goose and gave the company an "in-line" rating in a research note on Thursday, May 22nd. Wells Fargo & Company upgraded shares of Canada Goose from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 1st. Cowen reiterated a "hold" rating on shares of Canada Goose in a research note on Thursday, May 22nd. Wall Street Zen downgraded shares of Canada Goose from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Thursday, May 22nd.

Canada Goose Stock Up 4.4%

Shares of Canada Goose stock traded up $0.4850 during trading hours on Monday, reaching $11.5950. 1,326,599 shares of the company's stock were exchanged, compared to its average volume of 1,446,870. The company has a 50 day moving average of $12.23 and a two-hundred day moving average of $10.38. Canada Goose has a fifty-two week low of $6.73 and a fifty-two week high of $15.43. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.12 billion, a P/E ratio of 34.10, a P/E/G ratio of 0.83 and a beta of 1.45.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.04). Canada Goose had a net margin of 3.48% and a return on equity of 19.85%. The firm had revenue of $77.91 million during the quarter, compared to analyst estimates of $68.33 million. During the same quarter last year, the business posted $0.78 earnings per share. On average, sell-side analysts forecast that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Several hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its position in Canada Goose by 0.7% during the first quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company's stock worth $42,643,000 after acquiring an additional 39,012 shares during the last quarter. Patient Capital Management LLC lifted its position in Canada Goose by 3.4% during the fourth 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. Timucuan Asset Management Inc. FL lifted its position in Canada Goose by 10.8% during the first quarter. Timucuan Asset Management Inc. FL now owns 1,948,240 shares of the company's stock worth $15,489,000 after acquiring an additional 189,715 shares during the last quarter. Bank of America Corp DE lifted its position in Canada Goose by 1,557.5% during the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company's stock worth $14,165,000 after acquiring an additional 1,189,523 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Canada Goose by 115.3% during the second quarter. Marshall Wace LLP now owns 1,120,956 shares of the company's stock worth $12,543,000 after acquiring an additional 600,242 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.