Brokerages Set Canada Goose Holdings Inc. (NYSE:GOOS) Target Price at $12.00

Canada Goose Holdings Inc. (NYSE:GOOS) has been given a consensus recommendation of “Reduce” by the eight analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $11.80.

Several analysts have commented on GOOS shares. Raymond James lowered shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Wedbush started coverage on shares of Canada Goose in a research report on Friday, July 19th. They set an “outperform” rating for the company. Barclays decreased their price target on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. The Goldman Sachs Group reissued a “sell” rating and set a $9.00 price target (down from $11.50) on shares of Canada Goose in a research report on Monday, October 21st. Finally, UBS Group cut their price objective on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd.

Hedge Funds Weigh In On Canada Goose

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Canada Goose by 17.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after buying an additional 2,002 shares during the period. Claro Advisors LLC acquired a new position in Canada Goose in the 1st quarter worth approximately $210,000. BNP Paribas Financial Markets increased its holdings in Canada Goose by 2,048.6% in the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after buying an additional 19,953 shares during the period. GAM Holding AG increased its holdings in Canada Goose by 50.9% in the 2nd quarter. GAM Holding AG now owns 25,000 shares of the company’s stock worth $323,000 after buying an additional 8,430 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Canada Goose in the 2nd quarter worth approximately $338,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Stock Up 0.1 %

NYSE:GOOS opened at $10.22 on Tuesday. Canada Goose has a 1-year low of $9.80 and a 1-year high of $14.75. The company has a 50-day moving average of $11.18 and a 200 day moving average of $11.85. The firm has a market cap of $988.58 million, a PE ratio of 28.39, a price-to-earnings-growth ratio of 0.56 and a beta of 1.32. 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 results on Thursday, August 1st. The company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.02. The business had revenue of $64.39 million during the quarter, compared to analyst estimates of $63.47 million. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. As a group, research analysts anticipate that Canada Goose will post 0.84 EPS for the current fiscal year.

Canada Goose Company Profile

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.