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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have earned a consensus rating of “Reduce” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $10.60.

A number of research firms have recently weighed in on GOOS. Evercore ISI reduced their target price on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Barclays reduced their price objective on Canada Goose from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Finally, The Goldman Sachs Group lowered their price objective on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th.

Canada Goose Stock Performance

NYSE GOOS opened at $8.39 on Friday. The stock has a market capitalization of $811.72 million, a PE ratio of 16.13, a P/E/G ratio of 1.00 and a beta of 1.35. Canada Goose has a 1-year low of $8.25 and a 1-year high of $14.75. The business has a 50 day simple moving average of $9.89 and a two-hundred day simple moving average of $10.16. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14.

Canada Goose (NYSE:GOOS) last posted its earnings results on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. On average, research analysts predict that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Trading of Canada Goose

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new position in shares of Canada Goose during the fourth quarter valued at approximately $748,000. Aviso Financial Inc. grew its position in Canada Goose by 4,136.6% in the 4th quarter. Aviso Financial Inc. now owns 90,028 shares of the company’s stock valued at $904,000 after acquiring an additional 87,903 shares during the last quarter. DRW Securities LLC bought a new position in Canada Goose in the 3rd quarter valued at $730,000. Verition Fund Management LLC bought a new stake in shares of Canada Goose during the third quarter worth $708,000. Finally, Pier Capital LLC purchased a new stake in shares of Canada Goose during the third quarter valued at $2,057,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

About Canada Goose

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.