Analysts Set Canada Goose Holdings Inc. (NYSE:GOOS) PT at $15.00

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.

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $15.00.

Several equities analysts have recently commented on the company. TD Cowen upgraded Canada Goose from a "hold" rating to a "buy" rating and boosted their price objective for the company from $16.00 to $18.00 in a research report on Monday, September 8th. 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 report on Thursday, May 22nd. The Goldman Sachs Group boosted their target price on Canada Goose from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Thursday, May 22nd. Wall Street Zen downgraded Canada Goose from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Robert W. Baird set a $28.00 target price on Canada Goose in a research report on Thursday, August 28th.

Institutional Investors Weigh In On Canada Goose

Hedge funds have recently made changes to their positions in the company. Jump Financial LLC purchased a new stake in shares of Canada Goose in the first quarter worth about $221,000. The Manufacturers Life Insurance Company increased its stake 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. Graham Capital Management L.P. increased its stake in Canada Goose by 43.8% during the first quarter. Graham Capital Management L.P. now owns 118,645 shares of the company's stock worth $943,000 after acquiring an additional 36,158 shares during the last quarter. Landscape Capital Management L.L.C. increased its stake in Canada Goose by 169.2% during the first quarter. Landscape Capital Management L.L.C. now owns 178,921 shares of the company's stock worth $1,422,000 after acquiring an additional 112,450 shares during the last quarter. Finally, Versor Investments LP bought a new stake in Canada Goose during the first quarter worth approximately $270,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Canada Goose Price Performance

Shares of Canada Goose stock traded up $0.21 during trading hours on Friday, hitting $14.25. The company's stock had a trading volume of 518,937 shares, compared to its average volume of 1,221,337. The business has a 50 day moving average price of $12.86 and a two-hundred day moving average price of $10.72. Canada Goose has a 12-month low of $6.73 and a 12-month high of $15.43. The company has a market cap of $1.38 billion, a PE ratio of 41.90, a PEG ratio of 1.05 and a beta of 1.46. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.89 and a current ratio of 2.02.

Canada Goose (NYSE:GOOS - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.48% and a return on equity of 19.85%. The business had revenue of $77.91 million during the quarter, compared to analysts' expectations of $68.33 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. 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.