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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) have been assigned an average rating of "Reduce" from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.80.

A number of brokerages have issued reports on GOOS. Raymond James downgraded Canada Goose from an "outperform" rating to a "market perform" rating in a report on Tuesday, July 23rd. Wells Fargo & Company downgraded Canada Goose from an "equal weight" rating to an "underweight" rating in a report on Monday, October 14th. Barclays reduced their target price on shares of Canada Goose from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Friday, August 2nd. The Goldman Sachs Group restated a "sell" rating and issued a $9.00 price objective (down previously from $11.50) on shares of Canada Goose in a research report on Monday. Finally, Wedbush began coverage on Canada Goose in a report on Friday, July 19th. They issued an "outperform" rating for the company.

Institutional Investors Weigh In On Canada Goose

A number of institutional investors have recently modified their holdings of GOOS. Marshall Wace LLP increased its position in Canada Goose by 8.1% during the second quarter. Marshall Wace LLP now owns 1,087,414 shares of the company's stock worth $14,060,000 after acquiring an additional 81,090 shares during the period. Silvercrest Asset Management Group LLC boosted its position in Canada Goose by 0.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company's stock valued at $7,297,000 after buying an additional 2,752 shares in the last quarter. Armistice Capital LLC acquired a new stake in Canada Goose during the 2nd quarter valued at $4,332,000. Raymond James & Associates grew its holdings in Canada Goose by 55.1% during the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company's stock worth $4,173,000 after acquiring an additional 118,291 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of Canada Goose by 15.5% during the second quarter. TD Asset Management Inc now owns 147,452 shares of the company's stock worth $1,906,000 after acquiring an additional 19,761 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Canada Goose Stock Down 2.2 %

Shares of GOOS stock traded down $0.23 during trading hours on Tuesday, reaching $10.22. 760,077 shares of the company's stock were exchanged, compared to its average volume of 921,407. Canada Goose has a fifty-two week low of $9.80 and a fifty-two week high of $14.75. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25. The company has a market cap of $986.24 million, a price-to-earnings ratio of 27.73, a P/E/G ratio of 0.64 and a beta of 1.32. The stock's 50 day moving average is $11.21 and its 200-day moving average is $11.88.

Canada Goose (NYSE:GOOS - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, topping analysts' consensus estimates of ($0.60) by $0.02. The company had revenue of $64.39 million during the quarter, compared to analysts' expectations of $63.47 million. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. Analysts predict that Canada Goose will post 0.84 earnings per share for the current fiscal year.

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.