Canada Goose Holdings Inc. (NYSE:GOOS) Given Consensus Recommendation of “Reduce” by Analysts

Canada Goose Holdings Inc. (NYSE:GOOS) has been given a consensus recommendation of “Reduce” by the eight ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $11.60.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Raymond James & Associates increased its stake in shares of Canada Goose by 55.1% in the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company’s stock valued at $4,173,000 after purchasing an additional 118,291 shares in the last quarter. Marshall Wace LLP boosted its position in Canada Goose by 8.1% during the second quarter. Marshall Wace LLP now owns 1,087,414 shares of the company’s stock worth $14,060,000 after purchasing an additional 81,090 shares in the last quarter. DRW Securities LLC acquired a new stake in Canada Goose in the third quarter valued at approximately $730,000. Verition Fund Management LLC purchased a new stake in shares of Canada Goose in the third quarter valued at approximately $708,000. Finally, Pier Capital LLC acquired a new position in shares of Canada Goose during the 3rd quarter worth approximately $2,057,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Canada Goose Price Performance

Shares of NYSE:GOOS opened at $10.01 on Friday. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. Canada Goose has a twelve month low of $9.23 and a twelve month high of $14.75. The company’s 50 day moving average is $9.80 and its 200 day moving average is $10.79. The company has a market cap of $968.92 million, a PE ratio of 27.05, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32.

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.