Analysts Set Canada Goose Holdings Inc. (NYSE:GOOS) PT at $10.60

Canada Goose Holdings Inc. (NYSE:GOOS) has earned a consensus recommendation of “Reduce” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.60.

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

Canada Goose Stock Down 0.9 %

NYSE:GOOS opened at $10.24 on Monday. Canada Goose has a 1-year low of $9.23 and a 1-year high of $14.75. The company has a market capitalization of $990.70 million, a PE ratio of 19.68, a P/E/G ratio of 1.00 and a beta of 1.31. The firm’s 50-day moving average price is $10.34 and its 200-day moving average price is $10.46. 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 issued its quarterly earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, hitting analysts’ consensus estimates of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. On average, equities analysts predict that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in shares of Canada Goose by 193.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after buying an additional 2,087 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Canada Goose by 4,213.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock valued at $43,000 after acquiring an additional 4,213 shares during the period. Deutsche Bank AG grew its stake in shares of Canada Goose by 192.0% during the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock valued at $80,000 after purchasing an additional 5,259 shares during the period. Virtu Financial LLC purchased a new stake in shares of Canada Goose during the 4th quarter valued at about $100,000. Finally, Aigen Investment Management LP bought a new position in shares of Canada Goose in the 4th quarter worth approximately $103,000. Institutional investors own 83.64% of the company’s stock.

Canada Goose Company Profile

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.