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

Canada Goose Holdings Inc. (NYSE:GOOS) has been given a consensus recommendation of “Reduce” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $11.60.

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

Hedge Funds Weigh In On Canada Goose

Several institutional investors and hedge funds have recently modified their holdings of GOOS. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after purchasing an additional 2,002 shares during the period. TD Asset Management Inc lifted its holdings in Canada Goose by 15.5% during the second quarter. TD Asset Management Inc now owns 147,452 shares of the company’s stock valued at $1,906,000 after purchasing an additional 19,761 shares in the last quarter. American Century Companies Inc. grew its position in shares of 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 period. Marshall Wace LLP grew its position 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 period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Canada Goose during the second quarter worth about $338,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Stock Up 0.8 %

GOOS stock opened at $10.01 on Friday. The company has a market capitalization of $968.92 million, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32. Canada Goose has a 12 month low of $9.23 and a 12 month high of $14.75. The firm’s fifty day simple moving average is $9.78 and its 200-day simple moving average is $10.90. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.85 and a quick ratio of 0.71.

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.