Canada Goose Holdings Inc. (NYSE:GOOS) Receives Average Rating of "Hold" from Analysts

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 earned a consensus recommendation of "Hold" from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $11.00.

Several research firms recently issued reports on GOOS. Barclays reduced their target price on shares of Canada Goose from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Evercore ISI set a $11.00 target price on shares of Canada Goose and gave the stock an "in-line" rating in a report on Thursday, May 22nd. Wells Fargo & Company raised shares of Canada Goose from an "equal weight" rating to an "overweight" rating in a report on Friday, August 1st. UBS Group reissued a "neutral" rating and issued a $11.00 target price (up from $8.00) on shares of Canada Goose in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group increased their price objective on shares of Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a report on Thursday, May 22nd.

Canada Goose Stock Performance

GOOS traded down $0.1150 during midday trading on Monday, hitting $11.0650. 438,152 shares of the company traded hands, compared to its average volume of 1,148,261. The company has a quick ratio of 0.89, a current ratio of 2.02 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $1.07 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 0.84 and a beta of 1.45. The company's 50-day moving average is $12.23 and its 200 day moving average is $10.36. Canada Goose has a 52 week low of $6.73 and a 52 week high of $15.43.

Canada Goose (NYSE:GOOS - Get Free Report) last posted 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 company had revenue of $77.91 million for the quarter, compared to the consensus estimate of $68.33 million. During the same quarter in the prior year, the company posted $0.78 EPS. On average, research analysts expect that Canada Goose will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State of Wyoming boosted its position in shares of Canada Goose by 284.3% during the 2nd quarter. State of Wyoming now owns 51,381 shares of the company's stock valued at $575,000 after acquiring an additional 38,010 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Canada Goose during the 2nd quarter valued at approximately $158,000. Bank of America Corp DE boosted its position in shares of Canada Goose by 1,557.5% during the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company's stock valued at $14,165,000 after acquiring an additional 1,189,523 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of Canada Goose during the 2nd quarter valued at approximately $139,000. Finally, Raymond James Financial Inc. boosted its position in shares of Canada Goose by 12.3% during the 2nd quarter. Raymond James Financial Inc. now owns 488,181 shares of the company's stock valued at $5,463,000 after acquiring an additional 53,573 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

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.