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

Canada Goose Holdings Inc. (NYSE:GOOS) has been given a consensus rating of “Reduce” by the eight brokerages that are currently 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 12-month price objective among brokers that have updated their coverage on the stock in the last year is $11.60.

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. The Goldman Sachs Group dropped 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 note on Tuesday, December 10th. Finally, Wells Fargo & Company downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th.

Canada Goose Stock Down 4.0 %

Shares of GOOS opened at $11.32 on Thursday. The firm has a market cap of $1.10 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 0.62 and a beta of 1.32. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85. Canada Goose has a 52 week low of $9.23 and a 52 week high of $14.75. The firm’s 50-day simple moving average is $10.04 and its 200 day simple moving average is $10.58.

Canada Goose (NYSE:GOOS) last posted its earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.09. The company had revenue of $196.32 million for the quarter, compared to the consensus estimate of $183.60 million. Canada Goose had a return on equity of 22.60% and a net margin of 4.83%. During the same quarter in the prior year, the business earned $0.12 earnings per share. On average, analysts forecast that Canada Goose will post 0.75 earnings per share for the current year.

Institutional Trading of Canada Goose

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in Canada Goose by 193.8% during the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after purchasing an additional 2,087 shares in the last quarter. DGS Capital Management LLC acquired a new position in Canada Goose during the 3rd quarter worth approximately $131,000. Olympiad Research LP bought a new position in Canada Goose in the 3rd quarter valued at approximately $175,000. Public Employees Retirement System of Ohio acquired a new stake in Canada Goose in the third quarter valued at approximately $189,000. Finally, MML Investors Services LLC bought a new stake in shares of Canada Goose during the third quarter worth $200,000. 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.