Canada Goose Holdings Inc. (NYSE:GOOS) Given Consensus Recommendation of “Hold” by Brokerages

Canada Goose Holdings Inc. (NYSE:GOOS) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $14.42.

A number of research firms recently issued reports on GOOS. Wedbush initiated coverage on Canada Goose in a report on Friday. They set an “outperform” rating on the stock. The Goldman Sachs Group boosted their target price on Canada Goose from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, May 17th. Evercore increased their price target on Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a report on Friday, May 17th. Finally, Evercore ISI boosted their price objective on shares of Canada Goose from $12.00 to $13.00 and gave the company an “in-line” rating in a research note on Friday, May 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Canada Goose during the 4th quarter worth approximately $124,000. Total Clarity Wealth Management Inc. purchased a new position in Canada Goose during the 4th quarter valued at about $198,000. Claro Advisors LLC purchased a new position in Canada Goose during the 1st quarter valued at about $210,000. GAM Holding AG purchased a new stake in shares of Canada Goose in the fourth quarter valued at about $213,000. Finally, Shaker Investments LLC OH acquired a new stake in shares of Canada Goose in the fourth quarter valued at approximately $236,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Canada Goose Price Performance

GOOS stock opened at $12.20 on Friday. The company has a current ratio of 2.39, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $1.18 billion, a P/E ratio of 32.97, a PEG ratio of 0.70 and a beta of 1.35. The business has a 50 day simple moving average of $13.16 and a 200-day simple moving average of $12.45. Canada Goose has a twelve month low of $9.80 and a twelve month high of $18.63.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.07 by $0.07. Canada Goose had a net margin of 4.28% and a return on equity of 25.44%. The firm had revenue of $265.56 million during the quarter, compared to the consensus estimate of $232.36 million. As a group, equities analysts anticipate that Canada Goose will post 0.83 EPS for the current year.

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.