Canada Goose Holdings Inc. (NYSE:GOOS) Stock Rated "Reduce" by Wall Street Analysts

Key Points

• Analysts broadly remain cautious: Canada Goose has a consensus “Reduce” rating, with four sells, four holds and one buy. The average 12-month price target is $11.78.
• The stock recently traded down 2.5% to $8.06, near its 52-week low of $7.36 and below its 200-day moving average of $9.40.
• Despite the weak market sentiment, the company’s latest quarterly results beat expectations, with revenue of $83.71 million—up 10.3% year over year—and an adjusted loss per share that was narrower than forecast.

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) have received a consensus rating of "Reduce" from the nine analysts that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.78.

Several research firms have commented on GOOS. Wall Street Zen lowered Canada Goose from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Robert W. Baird set a $11.41 price objective on shares of Canada Goose in a research note on Friday, July 31st. UBS Group cut their target price on shares of Canada Goose from $12.00 to $10.50 and set a "neutral" rating for the company in a report on Tuesday, August 4th. TD Cowen boosted their target price on shares of Canada Goose from $13.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Williams Trading cut shares of Canada Goose from a "hold" rating to a "strong sell" rating in a research note on Friday, July 24th.

Canada Goose Trading Down 2.5%

Shares of Canada Goose stock opened at $8.06 on Friday. 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 fifty day moving average price of $8.00 and a 200 day moving average price of $9.40. Canada Goose has a 1 year low of $7.36 and a 1 year high of $14.60. The stock has a market cap of $787.63 million, a PE ratio of 20.68, a price-to-earnings-growth ratio of 0.62 and a beta of 1.65.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.64) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.06. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. The company had revenue of $83.71 million for the quarter, compared to analyst estimates of $76.34 million. During the same period in the prior year, the company earned $0.91 earnings per share. The firm's revenue was up 10.3% on a year-over-year basis. Equities research analysts predict that Canada Goose will post 0.75 earnings per share for the current year.

Institutional Trading of Canada Goose

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Canada Goose by 47.5% in the first quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company's stock worth $6,233,000 after acquiring an additional 182,916 shares during the period. Clough Capital Partners L P acquired a new stake in shares of Canada Goose during the 1st quarter valued at about $917,000. Great Hill Capital LLC increased its stake in shares of Canada Goose by 62.0% in the 1st quarter. Great Hill Capital LLC now owns 132,065 shares of the company's stock valued at $1,449,000 after purchasing an additional 50,529 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Canada Goose in the 2nd quarter valued at about $367,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of Canada Goose in the 2nd quarter valued at about $247,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Canada Goose Company Profile

Canada Goose Holdings Inc is a Canadian luxury outerwear and apparel company best known for its premium parkas and cold-weather clothing. Its product portfolio includes jackets, coats, knitwear, footwear, gloves, hats and other accessories designed for performance in demanding climates.

The company sells its products through directly operated retail stores, its e-commerce platform and select wholesale partners. Canada Goose serves customers in North America, Europe and Asia-Pacific, with a brand presence in major international markets.

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