Brokerages Set Canada Goose Holdings Inc. (NYSE:GOOS) PT at $12.53

Canada Goose Holdings Inc. (NYSE:GOOSGet Free Report) has earned an average rating of “Reduce” from the ten analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.5320.

Several research firms have commented on GOOS. Weiss Ratings lowered Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Wall Street Zen raised Canada Goose from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Robert W. Baird set a $11.66 price objective on Canada Goose in a research report on Friday, May 15th. Barclays cut their price objective on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Finally, Williams Trading raised Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Sunday, May 17th.

Get Our Latest Stock Analysis on Canada Goose

Institutional Trading of Canada Goose

A number of hedge funds and other institutional investors have recently modified their holdings of GOOS. Goldman Sachs Group Inc. increased its position in shares of Canada Goose by 139.2% during the first quarter. Goldman Sachs Group Inc. now owns 309,235 shares of the company’s stock worth $2,458,000 after acquiring an additional 179,946 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Canada Goose by 5.9% during the second quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company’s stock worth $324,000 after acquiring an additional 1,630 shares during the last quarter. Invesco Ltd. increased its position in shares of Canada Goose by 7.2% during the second quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock worth $169,000 after acquiring an additional 1,012 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Canada Goose during the second quarter worth about $332,000. Finally, Raymond James Financial Inc. increased its position in shares of Canada Goose by 12.3% during the second quarter. Raymond James Financial Inc. now owns 488,181 shares of the company’s stock worth $5,463,000 after acquiring an additional 53,573 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Canada Goose Price Performance

Shares of Canada Goose stock opened at $9.77 on Friday. Canada Goose has a twelve month low of $9.30 and a twelve month high of $15.43. The stock has a market capitalization of $948.57 million, a P/E ratio of 75.12 and a beta of 1.62. The company has a current ratio of 2.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average price is $10.62 and its 200 day moving average price is $11.67.

Canada Goose (NYSE:GOOSGet Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The company had revenue of $325.89 million during the quarter, compared to analysts’ expectations of $295.79 million. During the same period last year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, research analysts anticipate that Canada Goose will post 0.83 earnings per share for the current year.

About Canada Goose

(Get Free Report)

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.

Further Reading

Analyst Recommendations for Canada Goose (NYSE:GOOS)

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