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

Canada Goose Holdings Inc. (NYSE:GOOS) has received an average recommendation of “Reduce” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $12.5320.

A number of research analysts have commented on GOOS shares. Evercore set a $10.00 price objective on Canada Goose in a research note on Friday, May 15th. Williams Trading upgraded Canada Goose from a “strong sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings cut Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Robert W. Baird set a $11.66 price target on Canada Goose in a research note on Friday, May 15th. Finally, Barclays cut their price target on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, May 15th.

Canada Goose Trading Down 1.7%

Shares of GOOS opened at $9.64 on Wednesday. The stock’s 50-day moving average is $10.93 and its two-hundred day moving average is $12.06. The stock has a market cap of $936.33 million, a PE ratio of 74.15 and a beta of 1.67. Canada Goose has a 12 month low of $9.30 and a 12 month high of $15.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $325.89 million for the quarter, compared to analyst estimates of $295.79 million. Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities analysts forecast that Canada Goose will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of Canada Goose by 4.2% in the first quarter. Royal Bank of Canada now owns 270,743 shares of the company’s stock worth $2,970,000 after acquiring an additional 11,015 shares in the last quarter. Clough Capital Partners L P acquired a new position in shares of Canada Goose in the first quarter worth about $917,000. Lazard Asset Management LLC acquired a new position in shares of Canada Goose in the first quarter worth about $160,000. Dimensional Fund Advisors LP lifted its stake in shares of Canada Goose by 47.5% in the first quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company’s stock worth $6,233,000 after acquiring an additional 182,916 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Canada Goose by 161.6% in the first quarter. Hsbc Holdings PLC now owns 32,767 shares of the company’s stock valued at $357,000 after buying an additional 20,240 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.