Canada Goose Holdings Inc. (NYSE:GOOS) Receives $10.60 Average PT from Analysts

Canada Goose Holdings Inc. (NYSE:GOOS) has been assigned an average recommendation of “Reduce” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.60.

A number of analysts have weighed in on GOOS shares. The Goldman Sachs Group decreased their target price on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Evercore ISI reduced their price objective on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Finally, Barclays reduced their price objective on shares of Canada Goose from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th.

Institutional Trading of Canada Goose

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position in Canada Goose by 193.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after purchasing an additional 2,087 shares during the period. Steward Partners Investment Advisory LLC grew its position in Canada Goose by 4,213.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock valued at $43,000 after purchasing an additional 4,213 shares during the period. Deutsche Bank AG grew its position in Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock valued at $80,000 after purchasing an additional 5,259 shares during the period. Virtu Financial LLC acquired a new stake in Canada Goose in the 4th quarter valued at $100,000. Finally, Aigen Investment Management LP acquired a new stake in Canada Goose in the 4th quarter valued at $103,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Stock Performance

NYSE:GOOS opened at $8.27 on Friday. The company has a market capitalization of $800.10 million, a PE ratio of 15.89, a P/E/G ratio of 1.00 and a beta of 1.35. The company has a 50 day simple moving average of $10.02 and a two-hundred day simple moving average of $10.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01. Canada Goose has a fifty-two week low of $8.25 and a fifty-two week high of $14.75.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, February 6th. The company reported $1.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. Research analysts anticipate that Canada Goose will post 0.7 earnings per share for the current year.

About Canada Goose

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.