Canada Goose Holdings Inc. (NYSE:GOOS) Receives $10.50 Consensus PT from Analysts

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) has been assigned an average rating of "Reduce" from the eight brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.50.

GOOS has been the subject of several research reports. Evercore ISI set a $11.00 price target on shares of Canada Goose and gave the stock an "in-line" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group increased their price objective on Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a report on Thursday, May 22nd. Cowen reissued a "hold" rating on shares of Canada Goose in a report on Thursday, May 22nd. UBS Group reiterated a "neutral" rating and issued a $11.00 target price (up from $8.00) on shares of Canada Goose in a research note on Thursday, May 22nd. Finally, Barclays increased their price objective on shares of Canada Goose from $8.00 to $11.00 and gave the company an "underweight" rating in a report on Friday, May 23rd.

Institutional Investors Weigh In On Canada Goose

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Canada Goose by 139.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company's stock worth $2,458,000 after acquiring an additional 179,946 shares during the period. Interval Partners LP purchased a new position in Canada Goose during the first quarter worth about $347,000. PDT Partners LLC acquired a new stake in Canada Goose in the first quarter valued at about $647,000. Graham Capital Management L.P. boosted its holdings in Canada Goose by 43.8% in the 1st quarter. Graham Capital Management L.P. now owns 118,645 shares of the company's stock valued at $943,000 after purchasing an additional 36,158 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Canada Goose by 0.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,363,960 shares of the company's stock worth $42,643,000 after purchasing an additional 39,012 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Trading Down 4.6%

Shares of NYSE:GOOS traded down $0.54 during trading on Wednesday, reaching $11.17. The company's stock had a trading volume of 1,075,197 shares, compared to its average volume of 1,134,303. The stock has a market capitalization of $1.08 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. Canada Goose has a 12 month low of $6.73 and a 12 month high of $14.29. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The firm's 50 day simple moving average is $8.99 and its two-hundred day simple moving average is $9.56.

Canada Goose (NYSE:GOOS - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.17. The firm had revenue of $266.83 million during the quarter, compared to analyst estimates of $355.76 million. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. The business's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. On average, research analysts predict that Canada Goose will post 0.7 EPS for the current fiscal 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.