Canada Goose Holdings Inc. (NYSE:GOOS) Given Average Rating of “Reduce” by Analysts

Canada Goose Holdings Inc. (NYSE:GOOS) has been given a consensus recommendation of “Reduce” by the ten analysts that are 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 given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.5320.

Several research analysts recently commented on the stock. Robert W. Baird set a $11.66 target price on shares of Canada Goose in a research note on Friday, May 15th. Wall Street Zen raised shares of Canada Goose from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Williams Trading raised shares of Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings downgraded shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Finally, Evercore set a $10.00 price objective on shares of Canada Goose in a research report on Friday, May 15th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new position in Canada Goose during the 4th quarter valued at $27,000. PenderFund Capital Management Ltd. purchased a new position in Canada Goose during the 3rd quarter valued at $45,000. US Bancorp DE purchased a new position in Canada Goose during the 3rd quarter valued at $83,000. CANADA LIFE ASSURANCE Co increased its position in Canada Goose by 30.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after purchasing an additional 1,893 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Canada Goose during the 4th quarter valued at $138,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Canada Goose Trading Up 2.3%

Shares of Canada Goose stock opened at $9.77 on Friday. Canada Goose has a 1 year low of $9.30 and a 1 year high of $15.43. The firm has a market cap of $948.47 million, a PE ratio of 75.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58. The company has a 50 day simple moving average of $10.65 and a two-hundred day simple moving average of $11.69.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The company had revenue of $325.89 million for the quarter, compared to the consensus estimate of $295.79 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. Analysts expect that Canada Goose will post 0.83 earnings per share 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.