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

Canada Goose Holdings Inc. (NYSE:GOOS) has been given an average rating of “Reduce” by the eight research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.80.

A number of research analysts have recently issued reports on the company. UBS Group decreased their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Barclays decreased their price objective on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Wedbush initiated coverage on Canada Goose in a report on Friday, July 19th. They issued an “outperform” rating on the stock. Raymond James lowered Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Finally, 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 report on Monday, October 21st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Canada Goose by 17.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after acquiring an additional 2,002 shares during the period. Claro Advisors LLC purchased a new position in shares of Canada Goose during the 1st quarter worth $210,000. BNP Paribas Financial Markets raised its holdings in shares of Canada Goose by 2,048.6% during the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after acquiring an additional 19,953 shares during the period. GAM Holding AG raised its holdings in shares of Canada Goose by 50.9% during the 2nd quarter. GAM Holding AG now owns 25,000 shares of the company’s stock worth $323,000 after acquiring an additional 8,430 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Canada Goose during the 2nd quarter worth $338,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Price Performance

Shares of NYSE GOOS opened at $10.22 on Tuesday. The stock has a market capitalization of $988.58 million, a price-to-earnings ratio of 28.39, a PEG ratio of 0.56 and a beta of 1.32. Canada Goose has a 12 month low of $9.80 and a 12 month high of $14.75. The firm’s 50 day simple moving average is $11.18 and its 200-day simple moving average is $11.85. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.14 and a quick ratio of 0.63.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. The firm had revenue of $64.39 million for the quarter, compared to analyst estimates of $63.47 million. Analysts expect that Canada Goose will post 0.84 EPS for the current 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.