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

Key Points

• Analysts remain bearish on Canada Goose: Five of nine analysts rate the stock “sell,” three recommend “hold,” and one recommends “buy,” resulting in an average “Reduce” rating. The average price target is $11.78.
• Canada Goose reported quarterly revenue of $83.71 million, up 10.3% year over year and above estimates, while its adjusted loss of $0.64 per share was better than the expected $0.70 loss.
• The stock opened at $7.51, near its 52-week low of $7.36, with a market capitalization of about $733 million. Institutional investors own approximately 83.64% of the company.

Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) has earned an average recommendation of "Reduce" from the nine ratings firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.7820.

GOOS has been the topic of several recent analyst reports. Williams Trading downgraded Canada Goose from a "hold" rating to a "strong sell" rating in a research report on Friday, July 24th. Zacks Research cut Canada Goose from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of Canada Goose from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. TD Cowen boosted their target price on shares of Canada Goose from $13.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Canada Goose from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, September 8th.

Canada Goose Stock Up 0.7%

Canada Goose stock opened at $7.51 on Tuesday. The firm has a market cap of $733.43 million, a price-to-earnings ratio of 19.26, a P/E/G ratio of 0.47 and a beta of 1.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97. Canada Goose has a fifty-two week low of $7.36 and a fifty-two week high of $14.69. The firm has a fifty day moving average price of $8.56 and a two-hundred day moving average price of $9.82.

Canada Goose (NYSE:GOOS - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $83.71 million for the quarter, compared to the consensus estimate of $76.34 million. During the same period last year, the business posted $0.91 earnings per share. The firm's revenue was up 10.3% compared to the same quarter last year. As a group, analysts forecast that Canada Goose will post 0.9 earnings per share for the current year.

Institutional Investors Weigh In On Canada Goose

Several hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in Canada Goose by 47.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company's stock valued at $6,233,000 after acquiring an additional 182,916 shares in the last quarter. Clough Capital Partners L P acquired a new stake in shares of Canada Goose during the 1st quarter worth approximately $917,000. CenterBook Partners LP bought a new stake in shares of Canada Goose during the fourth quarter valued at approximately $5,363,000. Spark Investment Management LLC bought a new stake in shares of Canada Goose during the fourth quarter valued at approximately $207,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Canada Goose in the second quarter valued at $367,000. Institutional investors own 83.64% of the company's stock.

About Canada Goose

Canada Goose Holdings Inc designs, manufactures and sells performance luxury apparel and accessories under the Canada Goose brand. The company is best known for insulated parkas and winter jackets designed for cold-weather conditions, and its product range also includes lightweight jackets, knitwear, fleece, vests, pants, footwear, gloves, hats and other accessories.

The company sells its products through company-operated retail stores, e-commerce platforms and wholesale partners. Its operations serve customers in North America, Europe and Asia, including markets such as China, Japan and South Korea.

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