Brokerages Set Canada Goose Holdings Inc. (NYSE:GOOS) Target Price at $11.78

Canada Goose Holdings Inc. (NYSE:GOOS) has received a consensus recommendation of “Reduce” from the nine ratings firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $11.7820.

Several equities research analysts have weighed in on GOOS shares. Zacks Research downgraded shares of Canada Goose from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, August 3rd. UBS Group reduced their price target on Canada Goose from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Evercore set a $10.00 price objective on Canada Goose in a report on Friday, May 15th. Robert W. Baird set a $11.41 price objective on Canada Goose in a research report on Friday, July 31st. Finally, Williams Trading downgraded Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th.

Canada Goose Trading Up 0.2%

Shares of GOOS opened at $8.17 on Friday. The firm has a market capitalization of $797.88 million, a price-to-earnings ratio of 20.95, a PEG ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97. Canada Goose has a 1-year low of $8.05 and a 1-year high of $15.40. The company has a 50-day moving average of $9.02 and a 200 day moving average of $10.20.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.06. The business had revenue of $83.71 million during the quarter, compared to analyst estimates of $76.34 million. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%.Canada Goose’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. On average, research analysts expect that Canada Goose will post 0.9 EPS for the current year.

Institutional Investors Weigh In On Canada Goose

A number of large investors have recently modified their holdings of GOOS. Penn Capital Management Company LLC purchased a new position in shares of Canada Goose in the 2nd quarter valued at approximately $247,000. Public Employees Retirement System of Ohio acquired a new position in Canada Goose during the 2nd quarter valued at approximately $177,000. Royal Bank of Canada raised its holdings in shares of Canada Goose by 4.2% in the first quarter. Royal Bank of Canada now owns 270,743 shares of the company’s stock worth $2,970,000 after buying an additional 11,015 shares during the last quarter. Clough Capital Partners L P purchased a new position in shares of Canada Goose in the first quarter worth $917,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Canada Goose in the first quarter worth $160,000. 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.