Analysts Set Canada Goose Holdings Inc. (NYSE:GOOS) Target Price at $10.60

Canada Goose Holdings Inc. (NYSE:GOOS) has been assigned a consensus rating of “Reduce” from the eight analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.60.

Several research firms recently weighed in on GOOS. Evercore ISI cut their price objective on shares of Canada Goose from $13.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group cut their price objective on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Finally, Barclays dropped their target price on shares of Canada Goose from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, February 10th.

Canada Goose Trading Down 2.5 %

GOOS stock opened at $8.27 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01. The company’s 50-day simple moving average is $10.02 and its 200 day simple moving average is $10.22. Canada Goose has a 52 week low of $8.25 and a 52 week high of $14.75. The company has a market capitalization of $800.10 million, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.00 and a beta of 1.35.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, meeting the consensus estimate of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. As a group, sell-side analysts anticipate that Canada Goose will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings 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 buying an additional 2,087 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Canada Goose by 4,213.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,313 shares of the company’s stock valued at $43,000 after buying an additional 4,213 shares during the last quarter. Deutsche Bank AG raised its holdings in Canada Goose by 192.0% in the 4th quarter. Deutsche Bank AG now owns 7,998 shares of the company’s stock valued at $80,000 after buying an additional 5,259 shares during the last quarter. Virtu Financial LLC bought a new position in Canada Goose in the 4th quarter valued at approximately $100,000. Finally, Aigen Investment Management LP bought a new position in Canada Goose in the 4th quarter valued at approximately $103,000. Institutional investors own 83.64% of the company’s stock.

About Canada Goose

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.