Canada Goose Holdings Inc. (NYSE:GOOS) Receives $12.00 Consensus Price Target from Brokerages

Canada Goose Holdings Inc. (NYSE:GOOS) has been assigned a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $11.80.

Several equities analysts have recently weighed in on GOOS shares. The Goldman Sachs Group reissued a “sell” rating and set a $9.00 price target (down from $11.50) on shares of Canada Goose in a report on Monday, October 21st. Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. UBS Group reduced their price target on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Barclays dropped their price objective on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Finally, Wells Fargo & Company downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th.

Canada Goose Stock Performance

Shares of Canada Goose stock opened at $10.36 on Tuesday. The business has a fifty day simple moving average of $11.16 and a two-hundred day simple moving average of $11.85. The firm has a market capitalization of $1.00 billion, a P/E ratio of 28.00, a P/E/G ratio of 0.56 and a beta of 1.32. Canada Goose has a 12 month low of $9.80 and a 12 month high of $14.75. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25.

Canada Goose (NYSE:GOOS) last announced its quarterly 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 firm had revenue of $64.39 million for the quarter, compared to the consensus estimate of $63.47 million. On average, equities analysts forecast that Canada Goose will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

Large investors have recently bought and sold shares of the business. Pinnacle Associates Ltd. increased its stake in Canada Goose by 0.6% during the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock worth $7,138,000 after acquiring an additional 3,338 shares during the last quarter. GAM Holding AG raised its stake in shares of Canada Goose by 60.0% in the third quarter. GAM Holding AG now owns 40,000 shares of the company’s stock valued at $501,000 after acquiring an additional 15,000 shares during the period. Raymond James & Associates lifted its holdings in shares of Canada Goose by 55.1% in the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock worth $4,173,000 after acquiring an additional 118,291 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Canada Goose during the 2nd quarter valued at about $338,000. Finally, Point72 Asset Management L.P. purchased a new stake in Canada Goose in the 2nd quarter worth about $839,000. Institutional investors own 83.64% of the company’s stock.

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.