Canada Goose Holdings Inc. (NYSE:GOOS) Receives Consensus Rating of “Buy” from Brokerages

Canada Goose Holdings Inc. (NYSE:GOOSGet Rating) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $44.44.

A number of research firms have weighed in on GOOS. Robert W. Baird reduced their price target on Canada Goose to C$50.00 in a research report on Friday, February 11th. Zacks Investment Research cut Canada Goose from a “buy” rating to a “sell” rating in a research note on Tuesday, February 15th. Credit Suisse Group dropped their price objective on Canada Goose from C$60.00 to C$48.00 in a research note on Friday, February 11th. CIBC dropped their price target on Canada Goose from C$67.00 to C$45.00 in a research note on Friday, February 11th. Finally, Wells Fargo & Company dropped their price target on Canada Goose from C$55.00 to C$45.00 in a research note on Tuesday, April 5th.

A number of institutional investors have recently made changes to their positions in the business. ArrowMark Colorado Holdings LLC grew its stake in Canada Goose by 4.6% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,597,795 shares of the company’s stock valued at $56,993,000 after acquiring an additional 69,661 shares during the period. Barclays PLC boosted its position in shares of Canada Goose by 129.8% during the third quarter. Barclays PLC now owns 1,569,741 shares of the company’s stock valued at $55,993,000 after buying an additional 886,795 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Canada Goose by 0.9% during the second quarter. Bank of America Corp DE now owns 1,529,436 shares of the company’s stock valued at $66,898,000 after buying an additional 14,076 shares during the last quarter. Wasatch Advisors Inc. boosted its position in shares of Canada Goose by 14.0% during the third quarter. Wasatch Advisors Inc. now owns 1,328,533 shares of the company’s stock valued at $47,385,000 after buying an additional 163,289 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Canada Goose by 4.6% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,260,000 shares of the company’s stock valued at $46,763,000 after buying an additional 55,116 shares during the last quarter. 43.23% of the stock is owned by hedge funds and other institutional investors.

Shares of GOOS traded down $0.48 on Monday, hitting $23.65. The company’s stock had a trading volume of 1,492,584 shares, compared to its average volume of 936,816. Canada Goose has a fifty-two week low of $21.20 and a fifty-two week high of $53.64. The company has a quick ratio of 1.42, a current ratio of 2.36 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average price is $26.00 and its 200-day moving average price is $34.15. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 0.55 and a beta of 1.59.

Canada Goose (NYSE:GOOSGet Rating) last released its quarterly earnings results on Thursday, February 10th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. Canada Goose had a return on equity of 22.73% and a net margin of 9.74%. The firm had revenue of $586.10 million during the quarter, compared to the consensus estimate of $586.52 million. During the same quarter in the prior year, the firm posted $0.78 EPS. The business’s revenue was up 23.6% on a year-over-year basis. As a group, equities analysts predict that Canada Goose will post 0.85 earnings per share for the current fiscal year.

Canada Goose Company Profile (Get Rating)

Canada Goose Holdings Inc designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. It operates through three segments: Direct-to-Consumer, Wholesale, and Other. The company offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons.

Further Reading

Analyst Recommendations for Canada Goose (NYSE:GOOS)

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