Brokerages Set Canada Goose Holdings Inc. (NYSE:GOOS) Price Target at $11.78

Canada Goose Holdings Inc. (NYSE:GOOS) has been assigned an average rating of “Reduce” from the nine brokerages that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $11.7820.

A number of research firms recently weighed in on GOOS. Williams Trading lowered shares of Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Robert W. Baird set a $11.41 price target on shares of Canada Goose in a research note on Friday, July 31st. Zacks Research cut shares of Canada Goose from a “strong-buy” rating to a “strong sell” rating in a report on Monday, August 3rd. Barclays dropped their price objective on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Finally, Weiss Ratings lowered shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 25th.

Canada Goose Stock Performance

NYSE:GOOS opened at $8.10 on Friday. Canada Goose has a 52 week low of $8.05 and a 52 week high of $15.40. The company has a fifty day simple moving average of $9.06 and a two-hundred day simple moving average of $10.26. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 0.77. The company has a market cap of $791.05 million, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 0.52 and a beta of 1.62.

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

Institutional Trading of Canada Goose

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Canada Goose by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 30,314 shares of the company’s stock worth $392,000 after purchasing an additional 859 shares during the last quarter. Invesco Ltd. increased its stake in Canada Goose by 7.2% in the second quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock valued at $169,000 after purchasing an additional 1,012 shares during the last quarter. National Bank of Canada FI increased its stake in Canada Goose by 6.4% in the third quarter. National Bank of Canada FI now owns 21,825 shares of the company’s stock valued at $291,000 after purchasing an additional 1,320 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Canada Goose by 5.9% during the second quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company’s stock worth $324,000 after purchasing an additional 1,630 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Canada Goose by 30.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock worth $105,000 after purchasing an additional 1,893 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Canada Goose Company Profile

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.