Canada Goose Holdings Inc. (NYSE:GOOS) Stock Has Consensus Price Target of $11.78 According to Analysts

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been given an average rating of “Reduce” by the nine research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.78.

Several equities analysts have recently commented on GOOS shares. Williams Trading lowered Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Robert W. Baird set a $11.41 target price on Canada Goose in a research report on Friday, July 31st. TD Cowen upped their target price on Canada Goose from $13.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wall Street Zen lowered Canada Goose from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings cut shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd.

Hedge Funds Weigh In On Canada Goose

Several institutional investors and hedge funds have recently made changes to their positions in GOOS. Dimensional Fund Advisors LP lifted its position in Canada Goose by 47.5% in the first quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company’s stock valued at $6,233,000 after purchasing an additional 182,916 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of Canada Goose during the fourth quarter valued at approximately $5,363,000. Royal Bank of Canada grew 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 purchasing an additional 11,015 shares during the last quarter. Great Hill Capital LLC grew its holdings in shares of Canada Goose by 62.0% in the first quarter. Great Hill Capital LLC now owns 132,065 shares of the company’s stock worth $1,449,000 after purchasing an additional 50,529 shares during the last quarter. Finally, Clough Capital Partners L P purchased a new position in shares of Canada Goose in the first quarter worth $917,000. Institutional investors own 83.64% of the company’s stock.

Canada Goose Stock Performance

NYSE GOOS opened at $7.67 on Tuesday. Canada Goose has a 52-week low of $7.36 and a 52-week high of $14.69. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.97 and a current ratio of 2.33. The company has a market capitalization of $749.54 million, a P/E ratio of 19.68, a P/E/G ratio of 0.48 and a beta of 1.62. The company has a fifty day moving average of $8.35 and a 200-day moving average of $9.69.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.06. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. The company had revenue of $83.71 million during the quarter, compared to analyst estimates of $76.34 million. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts predict that Canada Goose will post 0.9 EPS for the current fiscal year.

Canada Goose Company Profile

Canada Goose Holdings Inc designs, manufactures and sells performance luxury apparel and accessories under the Canada Goose brand. The company is best known for insulated parkas and winter jackets designed for cold-weather conditions, and its product range also includes lightweight jackets, knitwear, fleece, vests, pants, footwear, gloves, hats and other accessories.

The company sells its products through company-operated retail stores, e-commerce platforms and wholesale partners. Its operations serve customers in North America, Europe and Asia, including markets such as China, Japan and South Korea.