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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been given a consensus rating of “Reduce” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $11.60.

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

Canada Goose Trading Down 0.8 %

Shares of Canada Goose stock opened at $9.92 on Wednesday. The business has a 50 day moving average price of $10.09 and a 200 day moving average price of $11.28. The company has a market capitalization of $960.16 million, a P/E ratio of 26.81, a P/E/G ratio of 0.61 and a beta of 1.34. 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 has a 1 year low of $9.23 and a 1 year high of $14.75.

Institutional Trading of Canada Goose

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in 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 acquiring an additional 2,087 shares during the last quarter. DGS Capital Management LLC purchased a new position in Canada Goose in the third quarter valued at about $131,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Canada Goose by 17.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after purchasing an additional 2,002 shares in the last quarter. Olympiad Research LP purchased a new stake in shares of Canada Goose in the third quarter worth about $175,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Canada Goose in the third quarter valued at about $189,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.