Canada Goose Holdings Inc. (NYSE:GOOS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.07.

Several equities research analysts have recently commented on the stock. Evercore upped their price target on shares of Canada Goose from $12.00 to $13.00 and gave the company an “in-line” rating in a research report on Friday, May 17th. Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group boosted their price target on Canada Goose from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, May 17th. Evercore ISI raised their price objective on Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a research note on Friday, May 17th. Finally, Barclays cut their price objective on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd.

Canada Goose Stock Performance

Shares of Canada Goose stock opened at $11.67 on Monday. Canada Goose has a 1 year low of $9.80 and a 1 year high of $16.56. The firm’s 50-day moving average is $11.72 and its 200 day moving average is $12.27. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 0.64 and a beta of 1.35. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.14 and a quick ratio of 0.63.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.02. The business had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $63.47 million. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. Sell-side analysts anticipate that Canada Goose will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. Jump Financial LLC purchased a new stake in Canada Goose in the 4th quarter worth about $1,187,000. Alberta Investment Management Corp boosted its holdings in Canada Goose by 638.2% during the 4th quarter. Alberta Investment Management Corp now owns 100,400 shares of the company’s stock valued at $1,198,000 after acquiring an additional 86,800 shares during the period. Patient Capital Management LLC grew its position in Canada Goose by 16.0% in the 4th quarter. Patient Capital Management LLC now owns 3,842,824 shares of the company’s stock valued at $45,537,000 after acquiring an additional 529,177 shares during the last quarter. Boulder Hill Capital Management LP purchased a new stake in Canada Goose in the fourth quarter worth $784,000. Finally, Claro Advisors LLC bought a new stake in shares of Canada Goose during the first quarter worth $210,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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.