Canada Goose Holdings Inc. (NYSE:GOOS) Receives Average Rating of "Reduce" from Brokerages

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) have been assigned an average recommendation of "Reduce" from the eight analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.60.

A number of equities research analysts recently commented on GOOS shares. Wells Fargo & Company lowered Canada Goose from an "equal weight" rating to an "underweight" rating in a research report on Monday, October 14th. The Goldman Sachs Group dropped their price target on shares of Canada Goose from $9.00 to $8.00 and set a "sell" rating on the stock in a research report on Tuesday, December 10th. Finally, UBS Group reduced their price objective on shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd.

Canada Goose Stock Up 2.8 %

GOOS traded up $0.32 during trading on Thursday, hitting $11.61. 875,119 shares of the company's stock were exchanged, compared to its average volume of 762,049. Canada Goose has a fifty-two week low of $9.23 and a fifty-two week high of $14.75. The stock has a market cap of $1.12 billion, a P/E ratio of 31.38, a PEG ratio of 0.62 and a beta of 1.32. The business's 50 day moving average is $10.04 and its two-hundred day moving average is $10.58. The company has a quick ratio of 0.71, a current ratio of 1.85 and a debt-to-equity ratio of 1.21.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. The company had revenue of $196.32 million during the quarter, compared to the consensus estimate of $183.60 million. Canada Goose had a net margin of 4.83% and a return on equity of 22.60%. During the same period in the previous year, the firm posted $0.12 earnings per share. As a group, equities analysts expect that Canada Goose will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake 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 acquiring an additional 2,087 shares during the period. DGS Capital Management LLC purchased a new position in shares of Canada Goose in the third quarter worth about $131,000. Olympiad Research LP purchased a new position in shares of Canada Goose in the third quarter worth about $175,000. Public Employees Retirement System of Ohio bought a new stake in shares of Canada Goose in the third quarter valued at approximately $189,000. Finally, MML Investors Services LLC purchased a new stake in shares of Canada Goose during the 3rd quarter valued at approximately $200,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Canada Goose Company Profile

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.