Canada Goose Holdings Inc. (NYSE:GOOS) Receives $11.80 Consensus PT from Brokerages

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been assigned a consensus rating of “Reduce” from the eight ratings firms that are covering the stock, Marketbeat reports. Two research 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 price target among brokerages that have issued ratings on the stock in the last year is $11.80.

Several research firms have issued reports on GOOS. Wells Fargo & Company cut Canada Goose from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 14th. UBS Group dropped their price objective 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 reissued a “sell” rating and issued a $9.00 target price (down previously from $11.50) on shares of Canada Goose in a report on Monday, October 21st. Raymond James cut shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Finally, Barclays cut their price target on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in shares of Canada Goose by 193.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company’s stock worth $40,000 after purchasing an additional 2,087 shares during the last quarter. Olympiad Research LP acquired a new stake in Canada Goose during the third quarter worth approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Canada Goose by 17.1% in the 2nd 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 during the period. Public Employees Retirement System of Ohio acquired a new position in Canada Goose in the 3rd quarter valued at $189,000. Finally, MML Investors Services LLC purchased a new position in shares of Canada Goose during the 3rd quarter worth $200,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Canada Goose Trading Up 0.3 %

Shares of Canada Goose stock opened at $9.44 on Friday. The firm has a market cap of $912.66 million, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.35. Canada Goose has a 52-week low of $9.29 and a 52-week high of $14.75. The company’s 50-day simple moving average is $10.68 and its 200-day simple moving average is $11.68. The company has a quick ratio of 0.71, a current ratio of 1.85 and a debt-to-equity ratio of 1.21.

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.