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

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

GOOS has been the topic of several analyst reports. UBS Group cut their target price on Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. The Goldman Sachs Group lowered their price target on shares of Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th.

Canada Goose Stock Up 0.8 %

Canada Goose stock opened at $10.01 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.85 and a debt-to-equity ratio of 1.21. The firm has a market cap of $968.92 million, a P/E ratio of 27.05, a P/E/G ratio of 0.61 and a beta of 1.32. The business has a fifty day moving average of $9.78 and a two-hundred day moving average of $10.90. Canada Goose has a twelve month low of $9.23 and a twelve month high of $14.75.

Hedge Funds Weigh In On Canada Goose

Several hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake 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 valued at $69,595,000 after purchasing an additional 1,667,750 shares in the last quarter. Armistice Capital LLC acquired a new position in shares of Canada Goose in the 2nd quarter valued at $4,332,000. Pier Capital LLC purchased a new position in Canada Goose in the 3rd quarter worth $2,057,000. Raymond James & Associates lifted its position in Canada Goose by 55.1% during the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock worth $4,173,000 after acquiring an additional 118,291 shares during the period. Finally, Marshall Wace LLP grew its stake in Canada Goose by 8.1% during the 2nd 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. 83.64% of the stock is owned by hedge funds and other 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.