Brokerages Set Canada Goose Holdings Inc. (NYSE:GOOS) Target Price at $14.07

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with 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 $14.07.

Several equities research analysts have recently issued reports on GOOS shares. Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group increased their target price on Canada Goose from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Wedbush assumed coverage on Canada Goose in a report on Friday, July 19th. They issued an “outperform” rating for the company. Evercore increased their price objective on shares of Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a report on Friday, May 17th. Finally, UBS Group lowered their target price on shares of Canada Goose from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, August 2nd.

Canada Goose Price Performance

NYSE:GOOS opened at $11.17 on Monday. Canada Goose has a 12-month low of $9.80 and a 12-month high of $16.21. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company’s 50-day moving average is $11.62 and its two-hundred day moving average is $12.24. The company has a current ratio of 2.14, a quick ratio of 0.63 and a debt-to-equity ratio of 1.25.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.02. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. The business had revenue of $64.39 million for the quarter, compared to the consensus estimate of $63.47 million. Research analysts expect that Canada Goose will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after purchasing an additional 2,002 shares during the period. Claro Advisors LLC purchased a new stake in shares of Canada Goose during the 1st quarter valued at about $210,000. BNP Paribas Financial Markets lifted its position in Canada Goose by 2,048.6% during the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after acquiring an additional 19,953 shares in the last quarter. Aigen Investment Management LP boosted its holdings in Canada Goose by 103.3% in the 4th quarter. Aigen Investment Management LP now owns 23,033 shares of the company’s stock worth $274,000 after acquiring an additional 11,703 shares during the period. Finally, GAM Holding AG grew its position in Canada Goose by 50.9% in the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after acquiring an additional 8,430 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.