Brokerages Set Canada Goose Holdings Inc. (NYSE:GOOS) Target Price at $14.07

Canada Goose Holdings Inc. (NYSE:GOOS) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.07.

A number of research firms have recently weighed in on GOOS. Raymond James downgraded shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Wedbush started coverage on Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating for the company. UBS Group decreased their price target on Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays dropped their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Boulder Hill Capital Management LP acquired a new stake in shares of Canada Goose in the 4th quarter valued at approximately $784,000. Alberta Investment Management Corp grew its stake in shares of Canada Goose by 638.2% during the fourth quarter. Alberta Investment Management Corp now owns 100,400 shares of the company’s stock worth $1,198,000 after buying an additional 86,800 shares during the last quarter. Armistice Capital LLC bought a new stake in shares of Canada Goose during the fourth quarter worth $1,007,000. Patient Capital Management LLC increased its holdings in shares of Canada Goose by 16.0% during the fourth quarter. Patient Capital Management LLC now owns 3,842,824 shares of the company’s stock worth $45,537,000 after buying an additional 529,177 shares in the last quarter. Finally, Claro Advisors LLC bought a new position in shares of Canada Goose in the 1st quarter valued at $210,000. Institutional investors own 83.64% of the company’s stock.

Canada Goose Stock Performance

NYSE:GOOS opened at $11.81 on Friday. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25. The stock has a 50 day simple moving average of $11.05 and a 200 day simple moving average of $11.92. Canada Goose has a 1-year low of $9.80 and a 1-year high of $14.75. The stock has a market cap of $1.14 billion, a P/E ratio of 31.92, a PEG ratio of 0.58 and a beta of 1.32.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. The company had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $63.47 million. Research analysts anticipate that Canada Goose will post 0.83 earnings per share for the current year.

Canada Goose Company Profile

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.