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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have earned an average recommendation of “Reduce” from the eight analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $11.60.

Several analysts have recently commented on GOOS shares. UBS Group decreased their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. The Goldman Sachs Group dropped their target price on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th.

Canada Goose Stock Performance

NYSE:GOOS opened at $10.16 on Friday. The stock has a market capitalization of $983.44 million, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32. Canada Goose has a 1 year low of $9.23 and a 1 year high of $14.75. The firm has a 50 day moving average of $9.79 and a 200-day moving average of $10.83. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21.

Institutional Investors Weigh In On Canada Goose

A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its holdings in Canada Goose by 42.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,554,279 shares of the company’s stock worth $69,595,000 after acquiring an additional 1,667,750 shares during the period. Marshall Wace LLP grew its stake in shares of Canada Goose by 8.1% during the second quarter. Marshall Wace LLP now owns 1,087,414 shares of the company’s stock worth $14,060,000 after purchasing an additional 81,090 shares during the period. Pinnacle Associates Ltd. increased its holdings in Canada Goose by 0.6% in the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company’s stock valued at $7,138,000 after purchasing an additional 3,338 shares during the last quarter. Armistice Capital LLC acquired a new position in Canada Goose in the second quarter valued at about $4,332,000. Finally, Raymond James & Associates boosted its holdings in Canada Goose by 55.1% during the third quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock worth $4,173,000 after buying an additional 118,291 shares during the last quarter. 83.64% of the stock is 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.