Canada Goose Holdings Inc. (NYSE:GOOS) Given Consensus Recommendation of “Hold” by Brokerages

Canada Goose Holdings Inc. (NYSE:GOOS) has earned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.50.

GOOS has been the subject of several research analyst reports. Evercore ISI lifted their price objective on Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a report on Friday, November 7th. UBS Group boosted their price target on Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, October 8th. Finally, Barclays raised their price objective on shares of Canada Goose from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th.

Canada Goose Stock Down 3.4%

GOOS opened at $12.88 on Thursday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 71.56 and a beta of 1.75. The firm has a 50 day moving average price of $13.18 and a 200-day moving average price of $13.18. Canada Goose has a twelve month low of $6.73 and a twelve month high of $15.43. The company has a quick ratio of 0.82, a current ratio of 1.89 and a debt-to-equity ratio of 0.95.

Canada Goose (NYSE:GOOS) last issued its earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $195.63 million during the quarter, compared to analysts’ expectations of $274.05 million. Canada Goose had a return on equity of 15.35% and a net margin of 1.96%.The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. Equities research analysts forecast that Canada Goose will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On Canada Goose

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of Canada Goose by 1,557.5% in the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock worth $14,165,000 after purchasing an additional 1,189,523 shares in the last quarter. Portolan Capital Management LLC grew its holdings in Canada Goose by 46.2% during the third quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock valued at $29,979,000 after purchasing an additional 686,504 shares during the period. Headwater Capital Co Ltd purchased a new stake in Canada Goose in the second quarter worth about $7,385,000. Marshall Wace LLP raised its stake in shares of Canada Goose by 115.3% in the second quarter. Marshall Wace LLP now owns 1,120,956 shares of the company’s stock worth $12,543,000 after buying an additional 600,242 shares during the period. Finally, Kessler Investment Group LLC purchased a new position in shares of Canada Goose during the 3rd quarter valued at about $4,128,000. 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.