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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been given an average rating of “Reduce” by the ten research firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.5320.

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Sunday. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Barclays dropped their target price on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, May 15th. Weiss Ratings lowered shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Finally, Evercore set a $10.00 target price on shares of Canada Goose in a report on Friday, May 15th.

Canada Goose Trading Up 0.1%

Shares of GOOS stock opened at $9.82 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58. The company has a market cap of $953.43 million, a price-to-earnings ratio of 75.51 and a beta of 1.67. The stock has a 50 day simple moving average of $10.97 and a 200-day simple moving average of $12.11. Canada Goose has a 1-year low of $9.30 and a 1-year high of $15.43.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The firm had revenue of $325.89 million for the quarter, compared to analysts’ expectations of $295.79 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, equities research analysts expect that Canada Goose will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in Canada Goose in the 4th quarter valued at $27,000. PenderFund Capital Management Ltd. purchased a new stake in Canada Goose in the 3rd quarter valued at $45,000. US Bancorp DE purchased a new stake in Canada Goose in the 3rd quarter valued at $83,000. Plato Investment Management Ltd purchased a new stake in Canada Goose in the 3rd quarter valued at $88,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Canada Goose by 30.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after buying an additional 1,893 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

About Canada Goose

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.