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

Key Points

• Analysts are broadly bearish on Canada Goose: nine analysts give the stock a consensus “Reduce” rating, including five sells, three holds and one buy. The average 12-month price target is $11.7820.
• Institutional ownership remains high at 83.64%: several major investors increased their positions, including Bank of America, Marshall Wace and Millennium Management.
• GOOS opened at $8.10, near its one-year low of $8.05, despite quarterly revenue rising 10.3% year over year to $83.71 million and an adjusted loss of $0.64 per share that beat expectations.

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) have received an average rating of "Reduce" from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $11.7820.

A number of brokerages have weighed in on GOOS. Evercore set a $10.00 price target on shares of Canada Goose in a research note on Friday, May 15th. TD Cowen raised their price objective on shares of Canada Goose from $13.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Williams Trading cut shares of Canada Goose from a "hold" rating to a "strong sell" rating in a research report on Friday, July 24th. Robert W. Baird set a $11.41 price objective on shares of Canada Goose in a research report on Friday, July 31st. Finally, Zacks Research lowered shares of Canada Goose from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, August 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GOOS. Northwestern Mutual Wealth Management Co. raised its position in Canada Goose by 15,788,723.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company's stock valued at $474,359,000 after buying an additional 36,629,838 shares during the last quarter. Bank of America Corp DE boosted its position in Canada Goose by 1,557.5% during the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company's stock worth $14,165,000 after acquiring an additional 1,189,523 shares during the last quarter. Marshall Wace LLP boosted its position in Canada Goose by 132.5% during the 4th quarter. Marshall Wace LLP now owns 1,540,714 shares of the company's stock worth $19,952,000 after acquiring an additional 877,987 shares during the last quarter. CenterBook Partners LP bought a new position in shares of Canada Goose during the 4th quarter worth approximately $5,363,000. Finally, Millennium Management LLC grew its stake in shares of Canada Goose by 279.8% during the 4th quarter. Millennium Management LLC now owns 548,919 shares of the company's stock worth $7,109,000 after acquiring an additional 404,374 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Trading Down 0.3%

NYSE GOOS opened at $8.10 on Friday. Canada Goose has a one year low of $8.05 and a one year high of $15.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97. The firm has a market cap of $786.35 million, a P/E ratio of 20.76, a P/E/G ratio of 0.51 and a beta of 1.62. The stock's 50-day moving average is $9.14 and its 200-day moving average is $10.34.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.06. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%.The business had revenue of $83.71 million during the quarter, compared to analyst estimates of $76.34 million. During the same period in the previous year, the firm earned $0.91 EPS. Canada Goose's quarterly revenue was up 10.3% compared to the same quarter last year. Sell-side analysts anticipate that Canada Goose will post 0.9 earnings per share for the current fiscal year.

Canada Goose Company Profile

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.

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