Brokerages set price target for Canada Goose Holdings Inc. (NYSE:GOOS) at $14.07

Canada Goose Holdings Inc. (NYSE:GOOS – Get Free Report ) has been assigned a consensus rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.07.

A number of equities analysts have commented on the stock. Evercore upped their price objective 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. Raymond James lowered shares of Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Wedbush started coverage on Canada Goose in a report on Friday, July 19th. They issued an “outperform” rating on the stock. Barclays cut their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Finally, Goldman Sachs Group raised their target price on Canada Goose from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, May 17th.

Check out our latest research report on GOOS

Canada Goose stock performance

Shares of GOOS stock opened at $11.17 on Monday. The stock’s 50-day moving average price is $11.62 and its 200-day moving average price is $12.24. The company has a quick ratio of 0.63, a current ratio of 2.14, and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.08 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. Canada Goose has a 52 week low of $9.80 and a 52 week high of $16.21.

Canada Goose (NYSE:GOOS – Get Your Free Report ) last released its earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. Canada Goose had a return on equity of 25.63% and a net margin of 4.66%. The company had revenue of $64.39 million for the quarter, compared to analyst estimates of $63.47 million. As a group, equities research analysts forecast that Canada Goose will post 0.83 EPS for the current year.

Hedge Funds Influence Canada Goose

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management LP acquired a new position in Canada Goose in the second quarter valued at about $839,000. Armistice Capital LLC purchased a new position in shares of Canada Goose in the second quarter worth about $4,332,000. Cubist Systematic Strategies LLC purchased a new position in shares of Canada Goose in the 2nd quarter valued at about $338,000. Marshall Wace LLP increased its stake in shares of Canada Goose by 8.1% in the second quarter. Marshall Wace LLP now owns 1,087,414 shares of the company’s stock valued at $14,060,000 after purchasing an additional 81,090 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Canada Goose by 94.3% in the second quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock valued at $354,000 after purchasing an additional 13,300 shares during the last quarter. 83.64% of shares are owned by institutional investors and hedge funds.

Canada Goose Company Profile

(Get a free report

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures and sells luxury performance 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.

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