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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have received a consensus rating of “Reduce” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $15.1667.

GOOS has been the subject of a number of analyst reports. UBS Group boosted their price target on Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Canada Goose in a research report on Monday, April 20th. Zacks Research upgraded Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Robert W. Baird lowered Canada Goose from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of Canada Goose in a research report on Friday, February 6th.

Canada Goose Trading Down 0.9%

NYSE:GOOS opened at $11.28 on Friday. Canada Goose has a 12-month low of $8.15 and a 12-month high of $15.43. The firm has a market capitalization of $1.10 billion, a P/E ratio of 86.78 and a beta of 1.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.12 and a quick ratio of 1.28. The business has a 50 day simple moving average of $11.33 and a 200 day simple moving average of $12.42.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GOOS. Pinnacle Associates Ltd. lifted its holdings in shares of Canada Goose by 25.8% in the third quarter. Pinnacle Associates Ltd. now owns 480,214 shares of the company’s stock valued at $6,622,000 after buying an additional 98,570 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of Canada Goose in the third quarter valued at $3,056,000. Portolan Capital Management LLC raised its position in shares of Canada Goose by 46.2% during the third quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock worth $29,979,000 after purchasing an additional 686,504 shares during the period. SCP Investment LP raised its position in shares of Canada Goose by 75.0% during the third quarter. SCP Investment LP now owns 350,000 shares of the company’s stock worth $4,826,000 after purchasing an additional 150,000 shares during the period. Finally, Quantbot Technologies LP raised its position in shares of Canada Goose by 3,669,350.0% during the third quarter. Quantbot Technologies LP now owns 73,389 shares of the company’s stock worth $1,012,000 after purchasing an additional 73,387 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

About Canada Goose

Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style.

Founded in 1957 as Metro Sportswear Ltd.