Brokerages Set Canada Goose Holdings Inc. (NYSE:GOOS) Price Target at $11.78

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been given an average recommendation of “Reduce” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.7820.

Several analysts have recently weighed in on GOOS shares. Evercore set a $10.00 price objective on shares of Canada Goose in a research report on Friday, May 15th. Wall Street Zen lowered shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Williams Trading cut Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Robert W. Baird set a $11.41 price target on Canada Goose in a research report on Friday, July 31st. Finally, Zacks Research lowered Canada Goose from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, August 3rd.

Hedge Funds Weigh In On Canada Goose

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in Canada Goose by 15,788,723.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after purchasing an additional 36,629,838 shares during the period. Bank of America Corp DE boosted its position in Canada Goose by 1,557.5% during the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock valued at $14,165,000 after buying an additional 1,189,523 shares during the period. Marshall Wace LLP boosted its position in Canada Goose by 132.5% during the fourth quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock valued at $19,952,000 after buying an additional 877,987 shares during the period. CenterBook Partners LP bought a new position in shares of Canada Goose during the fourth quarter valued at about $5,363,000. Finally, Millennium Management LLC increased its holdings in shares of Canada Goose by 279.8% in the fourth quarter. Millennium Management LLC now owns 548,919 shares of the company’s stock worth $7,109,000 after buying an additional 404,374 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

Canada Goose Trading Up 0.2%

Shares of GOOS opened at $8.26 on Friday. The firm’s 50 day simple moving average is $9.11 and its 200 day simple moving average is $10.31. The company has a market capitalization of $806.67 million, a P/E ratio of 21.18, a P/E/G ratio of 0.52 and a beta of 1.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 0.97. Canada Goose has a 1-year low of $8.05 and a 1-year high of $15.40.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.06. Canada Goose had a net margin of 3.65% and a return on equity of 14.28%. The business had revenue of $83.71 million during the quarter, compared to analyst estimates of $76.34 million. During the same period in the previous year, the business posted $0.91 earnings per share. Canada Goose’s revenue for the quarter was up 10.3% on a year-over-year basis. Sell-side analysts forecast that Canada Goose will post 0.9 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.