Canada Goose Holdings Inc. (NYSE:GOOS) Receives $15.00 Average Price Target from Analysts

Key Points

• Canada Goose Holdings Inc. has received a consensus rating of “Moderate Buy” from nine ratings firms, with one sell recommendation and a mix of buy and hold ratings.
• The average 12-month price target for the stock is currently $15.00, with analysts projecting earnings of 0.7 per share for the current year.
• Shares of Canada Goose saw a slight increase of 0.3% on recent trading, opening at $14.64, illustrating some stability in the stock price.

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $15.00.

Several equities research analysts recently commented on the stock. TD Cowen upgraded shares of Canada Goose from a "hold" rating to a "buy" rating and lifted their target price for the stock from $16.00 to $18.00 in a research report on Monday, September 8th. Robert W. Baird set a $28.00 price target on shares of Canada Goose in a report on Thursday, August 28th. The Goldman Sachs Group raised their price target on shares of Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a report on Thursday, May 22nd. Cowen upgraded shares of Canada Goose from a "hold" rating to a "buy" rating in a report on Monday, September 8th. Finally, Evercore ISI set a $11.00 price target on shares of Canada Goose and gave the stock an "in-line" rating in a report on Thursday, May 22nd.

Canada Goose Trading Down 0.9%

NYSE:GOOS traded down $0.13 during mid-day trading on Friday, hitting $14.00. 477,099 shares of the company's stock were exchanged, compared to its average volume of 1,657,685. The company has a 50 day simple moving average of $12.94 and a 200-day simple moving average of $10.79. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.87. Canada Goose has a fifty-two week low of $6.73 and a fifty-two week high of $15.43. The firm has a market capitalization of $1.36 billion, a P/E ratio of 41.19, a PEG ratio of 1.06 and a beta of 1.46.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GOOS. Dimensional Fund Advisors LP raised its holdings in Canada Goose by 22.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 190,086 shares of the company's stock worth $1,906,000 after purchasing an additional 34,327 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Canada Goose by 508.0% during the 4th quarter. BNP Paribas Financial Markets now owns 19,238 shares of the company's stock worth $193,000 after purchasing an additional 16,074 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company's stock valued at $80,000 after acquiring an additional 5,259 shares in the last quarter. Millennium Management LLC increased its stake in shares of Canada Goose by 120.6% in the 4th quarter. Millennium Management LLC now owns 301,663 shares of the company's stock valued at $3,026,000 after acquiring an additional 164,905 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Canada Goose in the 4th quarter valued at $145,000. Institutional investors own 83.64% of the company's stock.

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.