Canada Goose Holdings Inc. (NYSE:GOOS) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been given an average rating of “Reduce” by the eight research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.60.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GOOS. The Manufacturers Life Insurance Company boosted its holdings in Canada Goose by 42.9% during the third quarter. The Manufacturers Life Insurance Company now owns 5,554,279 shares of the company’s stock valued at $69,595,000 after purchasing an additional 1,667,750 shares in the last quarter. Patient Capital Management LLC raised its holdings in shares of Canada Goose by 3.4% in the fourth quarter. Patient Capital Management LLC now owns 3,854,520 shares of the company’s stock valued at $38,661,000 after buying an additional 128,133 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Canada Goose during the 4th quarter worth about $12,251,000. Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in Canada Goose by 1.2% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,218,326 shares of the company’s stock worth $12,223,000 after acquiring an additional 14,341 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of Canada Goose by 0.6% in the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock worth $7,138,000 after acquiring an additional 3,338 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Canada Goose Price Performance

NYSE GOOS opened at $10.40 on Monday. Canada Goose has a fifty-two week low of $9.23 and a fifty-two week high of $14.75. The stock’s 50-day moving average is $10.26 and its two-hundred day moving average is $10.45. The firm has a market cap of $1.01 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 1.14.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, February 6th. The company reported $1.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.10. Canada Goose had a return on equity of 22.49% and a net margin of 5.47%. On average, analysts anticipate that Canada Goose will post 0.7 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.