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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.00.

Several research firms recently weighed in on GOOS. Baird R W raised shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Cowen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. Evercore ISI boosted their price objective on shares of Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a report on Wednesday, October 8th. Finally, Barclays reduced their price target on Canada Goose from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, November 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GOOS. TD Asset Management Inc lifted its holdings in Canada Goose by 1.5% during the 3rd quarter. TD Asset Management Inc now owns 59,646 shares of the company’s stock valued at $821,000 after purchasing an additional 868 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Canada Goose by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 16,791 shares of the company’s stock worth $187,000 after buying an additional 914 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Canada Goose by 7.2% during the 2nd quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock worth $169,000 after buying an additional 1,012 shares during the period. National Bank of Canada FI boosted its holdings in shares of Canada Goose by 6.4% during the 3rd quarter. National Bank of Canada FI now owns 21,825 shares of the company’s stock worth $291,000 after buying an additional 1,320 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Canada Goose by 5.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company’s stock valued at $324,000 after buying an additional 1,630 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Price Performance

Canada Goose stock opened at $12.87 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.89 and a quick ratio of 0.82. The business has a 50 day simple moving average of $13.28 and a 200 day simple moving average of $12.91. The company has a market capitalization of $1.25 billion, a PE ratio of 71.50 and a beta of 1.71. Canada Goose has a one year low of $6.73 and a one year high of $15.43.

Canada Goose (NYSE:GOOS) last released 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 for the quarter, compared to the consensus estimate of $274.05 million. Canada Goose had a return on equity of 15.35% and a net margin of 1.96%.The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. On average, sell-side analysts forecast that Canada Goose will post 0.7 EPS for the current fiscal year.

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.