Canada Goose Holdings Inc. (NYSE:GOOS) Receives $15.50 Average PT from Analysts

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have earned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.50.

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Canada Goose in a report on Wednesday, October 8th. UBS Group lifted their target price on shares of Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Evercore ISI lifted their price objective on shares of Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a research report on Friday, November 7th. Finally, Barclays raised their target price on Canada Goose from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th.

Canada Goose Stock Performance

Shares of GOOS opened at $12.88 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.89 and a quick ratio of 0.82. The firm’s 50 day moving average is $13.18 and its 200-day moving average is $13.16. Canada Goose has a 12-month low of $6.73 and a 12-month high of $15.43. The stock has a market capitalization of $1.25 billion, a P/E ratio of 71.56 and a beta of 1.75.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $195.63 million for the quarter, compared to the consensus estimate of $274.05 million. Canada Goose had a return on equity of 15.35% and a net margin of 1.96%.The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. Equities research analysts anticipate that Canada Goose will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Canada Goose by 1,557.5% during the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock valued at $14,165,000 after purchasing an additional 1,189,523 shares during the last quarter. Portolan Capital Management LLC grew its position in Canada Goose by 46.2% in the third quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock worth $29,979,000 after acquiring an additional 686,504 shares in the last quarter. Headwater Capital Co Ltd bought a new position in shares of Canada Goose during the 2nd quarter valued at $7,385,000. Marshall Wace LLP boosted its holdings in Canada Goose by 115.3% in the second quarter. Marshall Wace LLP now owns 1,120,956 shares of the company’s stock worth $12,543,000 after purchasing an additional 600,242 shares in the last quarter. Finally, Kessler Investment Group LLC acquired a new position in Canada Goose during the third quarter worth $4,128,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Company Profile

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.