Canada Goose Holdings Inc. (NYSE:GOOS) Stock Has Average Price Target of $11.78 According to Analysts

Canada Goose Holdings Inc. (NYSE:GOOS) has been given an average recommendation of “Reduce” by the nine research firms that are currently covering the firm, Marketbeat.com reports. Five equities research 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 brokers that have updated their coverage on the stock in the last year is $11.78.

Several research analysts have commented on the company. UBS Group cut their price objective on Canada Goose from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Williams Trading downgraded Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Wall Street Zen downgraded shares of 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 target price on Canada Goose in a research report on Friday, July 31st. Finally, Zacks Research lowered Canada Goose from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, August 3rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. CenterBook Partners LP purchased a new position in Canada Goose in the fourth quarter valued at about $5,363,000. 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 valued at $6,233,000 after purchasing an additional 182,916 shares during the period. Clough Capital Partners L P acquired a new position in Canada Goose during the 1st quarter worth $917,000. Great Hill Capital LLC lifted its position in shares of Canada Goose by 62.0% during the 1st quarter. Great Hill Capital LLC now owns 132,065 shares of the company’s stock worth $1,449,000 after purchasing an additional 50,529 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Canada Goose during the second quarter worth approximately $367,000. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Stock Performance

Shares of NYSE GOOS opened at $7.59 on Tuesday. The company has a market cap of $741.73 million, a PE ratio of 19.47, a price-to-earnings-growth ratio of 0.48 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 12 month low of $7.36 and a 12 month high of $14.69. The company has a 50-day simple moving average of $8.44 and a 200-day simple moving average of $9.74.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.06. The company had revenue of $83.71 million for the quarter, compared to the consensus estimate of $76.34 million. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. Canada Goose’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. On average, equities analysts anticipate that Canada Goose will post 0.9 earnings per share for the current year.

Canada Goose Company Profile

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.