Brokerages Set Canada Goose Holdings Inc. (NYSE:GOOS) Target Price at $12.53

by · The Markets Daily

Canada Goose Holdings Inc. (NYSE:GOOS – Get Free Report) has been given an average rating of “Reduce” by the ten research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.5320.

A number of equities research analysts have commented on GOOS shares. Williams Trading upgraded shares of Canada Goose from a “strong sell” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings cut Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Wall Street Zen raised Canada Goose from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Barclays reduced their price objective on Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday, May 15th. Finally, Zacks Research raised Canada Goose from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th.

View Our Latest Stock Analysis on Canada Goose

Canada Goose Trading Down 1.3%

NYSE GOOS opened at $9.96 on Friday. The business has a 50 day simple moving average of $10.68 and a 200 day simple moving average of $11.75. Canada Goose has a one year low of $9.30 and a one year high of $15.43. The stock has a market capitalization of $967.01 million, a P/E ratio of 76.58 and a beta of 1.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58.

Canada Goose (NYSE:GOOS – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $325.89 million during the quarter, compared to analyst estimates of $295.79 million. Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Research analysts expect that Canada Goose will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GOOS. Royal Bank of Canada boosted its position in shares of Canada Goose by 4.2% during the first quarter. Royal Bank of Canada now owns 270,743 shares of the company’s stock valued at $2,970,000 after buying an additional 11,015 shares during the last quarter. Clough Capital Partners L P purchased a new position in shares of Canada Goose during the first quarter valued at approximately $917,000. Lazard Asset Management LLC purchased a new position in shares of Canada Goose during the first quarter valued at approximately $160,000. Dimensional Fund Advisors LP boosted its position in shares of Canada Goose by 47.5% during the first quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company’s stock valued at $6,233,000 after buying an additional 182,916 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position 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 during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

About Canada Goose

(Get Free Report)

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.

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