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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $15.50.

A number of analysts recently commented on GOOS shares. Evercore ISI increased their price target on Canada Goose from $11.00 to $12.00 and gave the company an “in-line” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, October 8th. Barclays lifted their target price on Canada Goose from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Finally, UBS Group increased their price target on shares of Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th.

Institutional Investors Weigh In On Canada Goose

Several large investors have recently modified their holdings of GOOS. True Vision MN LLC lifted its stake in Canada Goose by 146.2% in the fourth quarter. True Vision MN LLC now owns 51,678 shares of the company’s stock valued at $669,000 after purchasing an additional 30,688 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Canada Goose in the fourth quarter valued at $234,000. XTX Topco Ltd raised its stake in shares of Canada Goose by 228.7% in the third quarter. XTX Topco Ltd now owns 70,417 shares of the company’s stock valued at $971,000 after buying an additional 48,994 shares during the period. Verition Fund Management LLC lifted its position in shares of Canada Goose by 92.1% during the 3rd quarter. Verition Fund Management LLC now owns 145,442 shares of the company’s stock valued at $2,006,000 after buying an additional 69,717 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Canada Goose by 200.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 50,377 shares of the company’s stock worth $694,000 after acquiring an additional 33,586 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Stock Performance

Shares of GOOS stock opened at $12.58 on Thursday. 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 firm has a 50-day moving average of $13.15 and a 200-day moving average of $13.17. Canada Goose has a one year low of $6.73 and a one year high of $15.43. The company has a market cap of $1.22 billion, a P/E ratio of 69.86 and a beta of 1.75.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Canada Goose had a net margin of 1.96% and a return on equity of 15.35%. The firm had revenue of $195.63 million during the quarter, compared to analysts’ expectations of $274.05 million. During the same quarter last year, the business posted $0.05 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research 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.