Canada Goose Holdings Inc. (NYSE:GOOS) Receives Consensus Recommendation of "Reduce" from Analysts

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) has earned an average rating of "Reduce" from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $10.50.

A number of equities analysts recently commented on the stock. Cowen reaffirmed a "hold" rating on shares of Canada Goose in a research report on Thursday, May 22nd. UBS Group reiterated a "neutral" rating and set a $11.00 price objective (up from $8.00) on shares of Canada Goose in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of Canada Goose from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. The Goldman Sachs Group raised their price target on shares of Canada Goose from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Thursday, May 22nd. Finally, Evercore ISI set a $11.00 price target on shares of Canada Goose and gave the company an "in-line" rating in a research note on Thursday, May 22nd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NINE MASTS CAPITAL Ltd increased its stake in shares of Canada Goose by 63.2% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 21,172 shares of the company's stock valued at $212,000 after acquiring an additional 8,200 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Canada Goose by 4,213.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company's stock valued at $43,000 after purchasing an additional 4,213 shares during the period. Aigen Investment Management LP acquired a new stake in Canada Goose in the 4th quarter valued at $103,000. Raymond James Financial Inc. acquired a new stake in Canada Goose in the 4th quarter valued at $3,769,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its position in Canada Goose by 1.2% in the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,218,326 shares of the company's stock valued at $12,223,000 after purchasing an additional 14,341 shares during the period. Institutional investors own 83.64% of the company's stock.

Canada Goose Stock Performance

Shares of GOOS opened at $11.39 on Friday. 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 firm has a fifty day simple moving average of $10.26 and a 200 day simple moving average of $9.78. Canada Goose has a 12 month low of $6.73 and a 12 month high of $13.15. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.72 and a beta of 1.47.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $355.76 million. Canada Goose had a net margin of 7.02% and a return on equity of 23.33%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. Research analysts forecast 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.

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