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

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) has earned a consensus recommendation of "Reduce" from the six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $11.25.

Several equities research analysts have recently commented on the stock. UBS Group reiterated a "neutral" rating and set a $11.00 price target (up previously from $8.00) on shares of Canada Goose in a research report on Thursday, May 22nd. The Goldman Sachs Group lifted their price target on shares of Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Thursday, May 22nd. Evercore ISI set a $11.00 price objective on shares of Canada Goose and gave the stock an "in-line" rating in a research note on Thursday, May 22nd. Barclays raised shares of Canada Goose from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $11.00 to $14.00 in a research note on Friday, July 11th. Finally, Wall Street Zen raised shares of Canada Goose from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

Institutional Investors Weigh In On Canada Goose

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership bought a new position in shares of Canada Goose in the 4th quarter valued at about $12,251,000. Penn Capital Management Company LLC bought a new stake in Canada Goose during the fourth quarter worth about $5,702,000. Portolan Capital Management LLC bought a new stake in Canada Goose during the fourth quarter worth about $4,403,000. Raymond James Financial Inc. bought a new stake in Canada Goose during the fourth quarter worth about $3,769,000. Finally, Timucuan Asset Management Inc. FL raised its holdings 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 in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Canada Goose Price Performance

Shares of GOOS traded down $0.40 during mid-day trading on Thursday, hitting $14.34. 1,171,802 shares of the company traded hands, compared to its average volume of 1,212,430. Canada Goose has a one year low of $6.73 and a one year high of $15.43. The business has a 50-day moving average of $12.17 and a 200 day moving average of $10.23. The company has a current ratio of 2.66, a quick ratio of 1.50 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 0.95 and a beta of 1.42.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.16 by $0.17. Canada Goose had a net margin of 7.02% and a return on equity of 23.33%. The company had revenue of $266.83 million during the quarter, compared to analysts' expectations of $355.76 million. During the same quarter in the previous year, the company earned $0.14 EPS. Canada Goose's revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Canada Goose will post 0.7 earnings per share 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.