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

Canada Goose Holdings Inc. (NYSE:GOOS) has been given a consensus rating of “Reduce” by the eight brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $10.20.

GOOS has been the topic of several recent research reports. Evercore ISI decreased their price target on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Barclays restated an “underweight” rating and set a $8.00 price objective (down previously from $10.00) on shares of Canada Goose in a report on Monday, March 31st.

Canada Goose Price Performance

Shares of NYSE:GOOS opened at $8.00 on Tuesday. The stock’s 50 day moving average price is $8.88 and its 200 day moving average price is $9.75. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14. The stock has a market cap of $774.64 million, a price-to-earnings ratio of 15.39, a PEG ratio of 1.00 and a beta of 1.32. Canada Goose has a 12 month low of $6.73 and a 12 month high of $14.75.

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

Institutional Trading of Canada Goose

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of Canada Goose by 10.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company’s stock worth $167,000 after purchasing an additional 1,578 shares in the last quarter. Scion Asset Management LLC acquired a new stake in Canada Goose in the fourth quarter valued at approximately $249,000. Patient Capital Management LLC increased its stake in shares of Canada Goose by 3.4% during the 4th quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company’s stock worth $38,661,000 after purchasing an additional 128,133 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of Canada Goose in the 4th quarter valued at $145,000. Finally, Millennium Management LLC raised its holdings in Canada Goose by 120.6% during the fourth quarter. Millennium Management LLC now owns 301,663 shares of the company’s stock valued at $3,026,000 after buying an additional 164,905 shares in the last quarter. 83.64% of the stock is currently 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.