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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have earned an average rating of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $10.20.

GOOS has been the subject of a number of research analyst reports. Barclays reissued an “underweight” rating and issued a $8.00 target price (down from $10.00) on shares of Canada Goose in a research note on Monday, March 31st. Evercore ISI reduced their price target on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th.

Canada Goose Trading Up 1.4 %

NYSE GOOS opened at $7.82 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. Canada Goose has a 12 month low of $6.73 and a 12 month high of $14.75. The company has a market capitalization of $757.02 million, a PE ratio of 15.04, a P/E/G ratio of 1.00 and a beta of 1.32. The stock has a 50-day simple moving average of $9.03 and a 200 day simple moving average of $9.85.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, hitting the consensus estimate of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. Research analysts forecast that Canada Goose will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Canada Goose

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake in Canada Goose by 10.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,621 shares of the company’s stock valued at $167,000 after purchasing an additional 1,578 shares in the last quarter. Scion Asset Management LLC acquired a new position in Canada Goose during the fourth quarter worth $249,000. Patient Capital Management LLC raised its position in Canada Goose by 3.4% during the fourth quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company’s stock worth $38,661,000 after acquiring an additional 128,133 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Canada Goose in the fourth quarter valued at $145,000. Finally, Millennium Management LLC increased its stake in shares of Canada Goose by 120.6% during the 4th quarter. Millennium Management LLC now owns 301,663 shares of the company’s stock worth $3,026,000 after purchasing an additional 164,905 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.