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

Canada Goose Holdings Inc. (NYSE:GOOS) has earned a consensus rating of “Reduce” from the eight research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.80.

GOOS has been the subject of a number of research reports. Raymond James cut shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Barclays cut their target price on shares of 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. The Goldman Sachs Group reissued a “sell” rating and set a $9.00 target price (down previously from $11.50) on shares of Canada Goose in a research note on Monday, October 21st. 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. Finally, UBS Group cut their target price on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd.

Canada Goose Stock Down 0.1 %

GOOS opened at $9.42 on Friday. Canada Goose has a fifty-two week low of $9.29 and a fifty-two week high of $14.75. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85. The company has a fifty day moving average of $10.69 and a two-hundred day moving average of $11.69. The stock has a market capitalization of $910.71 million, a price-to-earnings ratio of 25.45, a PEG ratio of 0.59 and a beta of 1.35.

Hedge Funds Weigh In On Canada Goose

Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in Canada Goose by 42.9% in 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 during the last quarter. Marshall Wace LLP boosted its holdings in Canada Goose by 8.1% in 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. Silvercrest Asset Management Group LLC boosted its holdings in Canada Goose by 0.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock valued at $7,297,000 after purchasing an additional 2,752 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Canada Goose by 0.6% in the 3rd 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. Finally, Armistice Capital LLC acquired a new position in shares of Canada Goose in the 2nd quarter worth approximately $4,332,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.