Canada Goose Holdings Inc. (NYSE:GOOS) Stock Has Consensus Target Price of $11.48 According to Analysts

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have earned a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $11.48.

GOOS has been the topic of several recent research reports. Robert W. Baird set a $11.41 price target on Canada Goose in a research report on Friday, July 31st. Wall Street Zen downgraded Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. UBS Group dropped their price objective on Canada Goose from $10.50 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, October 28th. Finally, Williams Trading lowered Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th.

Institutional Investors Weigh In On Canada Goose

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOS. Royal Bank of Canada lifted its holdings in shares of Canada Goose by 4.2% during the 1st quarter. Royal Bank of Canada now owns 270,743 shares of the company’s stock valued at $2,970,000 after buying an additional 11,015 shares during the period. Engineers Gate Manager LP boosted its stake in shares of Canada Goose by 36.7% in the 2nd quarter. Engineers Gate Manager LP now owns 47,565 shares of the company’s stock worth $452,000 after buying an additional 12,775 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Canada Goose in the 1st quarter worth $160,000. Public Employees Retirement System of Ohio purchased a new position in shares of Canada Goose in the 2nd quarter worth $177,000. Finally, Spark Investment Management LLC grew its holdings in shares of Canada Goose by 52.6% in the second quarter. Spark Investment Management LLC now owns 58,000 shares of the company’s stock worth $549,000 after acquiring an additional 20,000 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Stock Up 2.1%

GOOS opened at $8.46 on Wednesday. Canada Goose has a 12 month low of $7.36 and a 12 month high of $14.60. The company has a current ratio of 1.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. The business’s 50-day moving average price is $7.98 and its 200-day moving average price is $9.77. The company has a market cap of $825.72 million, a P/E ratio of 26.42, a P/E/G ratio of 0.58 and a beta of 1.65.

Canada Goose Company Profile

Canada Goose is a Canadian luxury apparel company best known for its performance outerwear. Its products include parkas, down jackets, rainwear, knitwear, footwear and accessories, designed for cold-weather and outdoor use as well as everyday wear. The company traces its origins to 1957, when Sam Tick founded Metro Sportswear in Toronto. It later became known as Canada Goose and expanded beyond its outerwear roots into a broader range of apparel and accessories. Canada Goose serves customers internationally through its own retail stores and online channels, as well as wholesale partners.