Canada Goose Holdings Inc. (NYSE:GOOS) Given Consensus Rating of “Reduce” by Brokerages

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have earned a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned 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 $11.60.

A number of brokerages recently weighed in on GOOS. The Goldman Sachs Group dropped their price objective on Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday. Wells Fargo & Company cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th. Finally, UBS Group lowered 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.

Canada Goose Price Performance

Shares of GOOS opened at $10.01 on Wednesday. The firm has a 50-day simple moving average of $10.22 and a 200-day simple moving average of $11.37. Canada Goose has a fifty-two week low of $9.23 and a fifty-two week high of $14.75. The company has a market capitalization of $968.38 million, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 0.58 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in shares of Canada Goose by 193.8% in the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock valued at $40,000 after purchasing an additional 2,087 shares during the period. DGS Capital Management LLC acquired a new stake in shares of Canada Goose during the third quarter valued at about $131,000. Olympiad Research LP purchased a new stake in shares of Canada Goose during the third quarter worth about $175,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Canada Goose by 17.1% in 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 in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Canada Goose in the 3rd quarter valued at approximately $189,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

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.