Canada Goose Holdings Inc. (NYSE:GOOS) Receives $15.00 Average Price Target from Brokerages

Canada Goose Holdings Inc. (NYSE:GOOS) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.00.

A number of equities research analysts have issued reports on the stock. Robert W. Baird set a $28.00 price target on shares of Canada Goose in a report on Thursday, August 28th. UBS Group increased their target price on shares of Canada Goose from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Barclays cut their target price on Canada Goose from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, October 8th. Finally, Baird R W upgraded Canada Goose from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th.

Canada Goose Price Performance

GOOS opened at $12.72 on Friday. 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 stock’s 50 day simple moving average is $13.25 and its 200 day simple moving average is $12.94. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 70.66 and a beta of 1.71. Canada Goose has a 1 year low of $6.73 and a 1 year high of $15.43.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data 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). Canada Goose had a net margin of 1.96% and a return on equity of 15.35%. The company had revenue of $195.63 million for the quarter, compared to analysts’ expectations of $274.05 million. During the same period last year, the company posted $0.05 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, analysts predict that Canada Goose will post 0.7 earnings per share for the current year.

Institutional Trading of Canada Goose

Large investors have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. bought a new stake in Canada Goose during the third quarter worth about $45,000. US Bancorp DE purchased a new position in shares of Canada Goose during the third quarter valued at approximately $83,000. Plato Investment Management Ltd bought a new stake in shares of Canada Goose in the 3rd quarter worth approximately $88,000. Ameriprise Financial Inc. purchased a new stake in shares of Canada Goose in the 2nd quarter worth approximately $139,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Canada Goose in the 2nd quarter worth approximately $151,000. Institutional investors own 83.64% of the company’s stock.

About Canada Goose

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.