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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.07.

GOOS has been the subject of several analyst reports. Barclays reduced their price objective on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Wedbush started coverage on Canada Goose in a report on Friday, July 19th. They set an “outperform” rating on the stock. Evercore ISI lifted their price target on shares of Canada Goose from $12.00 to $13.00 and gave the stock an “in-line” rating in a research report on Friday, May 17th. UBS Group reduced their price objective on Canada Goose from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Evercore upped their target price on Canada Goose from $12.00 to $13.00 and gave the company an “in-line” rating in a report on Friday, May 17th.

Hedge Funds Weigh In On Canada Goose

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Canada Goose in the 4th quarter worth approximately $124,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Canada Goose by 17.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after acquiring an additional 2,002 shares during the period. Claro Advisors LLC acquired a new position in Canada Goose during the 1st quarter valued at $210,000. Shaker Investments LLC OH bought a new stake in Canada Goose in the 4th quarter valued at $236,000. Finally, BNP Paribas Financial Markets grew its position in Canada Goose by 2,048.6% in the 1st quarter. BNP Paribas Financial Markets now owns 20,927 shares of the company’s stock worth $252,000 after purchasing an additional 19,953 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Stock Performance

Canada Goose stock opened at $10.24 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.39 and a quick ratio of 0.95. The firm’s fifty day moving average price is $12.45 and its 200 day moving average price is $12.39. The company has a market capitalization of $988.65 million, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 0.66 and a beta of 1.35. Canada Goose has a 12-month low of $9.80 and a 12-month high of $17.30.

Canada Goose (NYSE:GOOS) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.07 by $0.07. Canada Goose had a return on equity of 24.94% and a net margin of 4.66%. The business had revenue of $265.56 million for the quarter, compared to analysts’ expectations of $232.36 million. On average, research analysts forecast that Canada Goose will post 0.81 EPS for the current fiscal year.

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.