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

Canada Goose Holdings Inc. (NYSE:GOOS) has earned a consensus recommendation of “Reduce” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $10.60.

GOOS has been the topic of several analyst reports. The Goldman Sachs Group lowered their price target on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Barclays dropped their price target 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. Finally, Evercore ISI decreased their price objective on Canada Goose from $13.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th.

Canada Goose Price Performance

NYSE GOOS opened at $8.50 on Friday. The stock has a 50-day simple moving average of $9.97 and a 200 day simple moving average of $10.19. Canada Goose has a twelve month low of $8.25 and a twelve month high of $14.75. The stock has a market capitalization of $822.85 million, a PE ratio of 16.35, a P/E/G ratio of 1.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.01.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, February 6th. The company reported $1.10 EPS for the quarter, meeting the consensus estimate of $1.10. Canada Goose had a net margin of 5.47% and a return on equity of 22.49%. Research analysts anticipate that Canada Goose will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GOOS. The Manufacturers Life Insurance Company boosted its stake in shares of Canada Goose by 42.9% in the 3rd 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 during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Canada Goose in the fourth quarter valued at approximately $12,251,000. Penn Capital Management Company LLC acquired a new stake in Canada Goose during the 4th quarter worth $5,702,000. Portolan Capital Management LLC acquired a new stake in Canada Goose during the 4th quarter worth $4,403,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Canada Goose during the 4th quarter valued at $3,769,000. 83.64% of the stock is currently owned by institutional investors.

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.