Canada Goose Holdings Inc. (NYSE:GOOS) Stock Has Consensus Target Price of $11.78 According to Brokerages

Canada Goose Holdings Inc. (NYSE:GOOS) has received a consensus rating of “Reduce” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $11.78.

GOOS has been the topic of several recent analyst reports. Zacks Research upgraded Canada Goose from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. UBS Group decreased their target price on shares of Canada Goose from $12.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Wall Street Zen cut shares of Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Robert W. Baird set a $11.41 target price on shares of Canada Goose in a research report on Friday, July 31st. Finally, TD Cowen boosted their price target on shares of Canada Goose from $13.00 to $18.00 and gave the company a “buy” rating in a report on Friday, July 31st.

Canada Goose Stock Down 0.4%

Shares of Canada Goose stock opened at $8.16 on Friday. The stock’s fifty day moving average is $7.97 and its 200-day moving average is $9.34. The firm has a market capitalization of $796.81 million, a PE ratio of 20.92, a price-to-earnings-growth ratio of 0.62 and a beta of 1.65. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 0.77. Canada Goose has a 12-month low of $7.36 and a 12-month high of $14.60.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.06. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%. The business had revenue of $83.71 million during the quarter, compared to analyst estimates of $76.34 million. During the same quarter last year, the company posted $0.91 EPS. Canada Goose’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts anticipate that Canada Goose will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Canada Goose

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in shares of Canada Goose in the first quarter valued at $160,000. Public Employees Retirement System of Ohio purchased a new position in shares of Canada Goose during the second quarter valued at $177,000. DGS Capital Management LLC grew its holdings in shares of Canada Goose by 38.7% during the fourth quarter. DGS Capital Management LLC now owns 24,933 shares of the company’s stock valued at $323,000 after buying an additional 6,951 shares in the last quarter. Penn Capital Management Company LLC purchased a new position in shares of Canada Goose during the second quarter valued at $247,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Canada Goose by 161.6% during the first quarter. Hsbc Holdings PLC now owns 32,767 shares of the company’s stock valued at $357,000 after buying an additional 20,240 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

About Canada Goose

Canada Goose Holdings Inc designs, manufactures, and sells luxury apparel and accessories focused on cold-weather performance. Its product range includes parkas, jackets, vests, knitwear, footwear, gloves, hats, and other seasonal apparel for women, men, and children.

The company traces its origins to 1957, when Metro Sportswear was established in Toronto. It later adopted the Canada Goose name and built its reputation around insulated outerwear designed for harsh climates, combining technical materials and construction with premium fashion positioning.

Canada Goose sells its products through company-operated retail stores, e-commerce platforms, and select wholesale partners.