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

Canada Goose Holdings Inc. (NYSE:GOOS) has received an average recommendation of “Reduce” from the nine analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $15.1667.

A number of equities analysts have recently commented on GOOS shares. Barclays downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $12.00 to $10.00 in a research note on Friday, February 6th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a research report on Friday, February 6th. Zacks Research lowered Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Robert W. Baird cut Canada Goose from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen raised Canada Goose from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th.

Canada Goose Trading Down 1.5%

Shares of GOOS stock opened at $10.41 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.69. Canada Goose has a fifty-two week low of $6.73 and a fifty-two week high of $15.43. The firm’s 50 day moving average price is $11.74 and its two-hundred day moving average price is $12.80. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 80.04 and a beta of 1.72.

Hedge Funds Weigh In On Canada Goose

Several hedge funds and other institutional investors have recently bought and sold shares of GOOS. Caitong International Asset Management Co. Ltd purchased a new position in Canada Goose in the 4th quarter worth approximately $27,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Canada Goose during the third quarter valued at approximately $45,000. US Bancorp DE acquired a new position in shares of Canada Goose during the third quarter worth $83,000. Plato Investment Management Ltd acquired a new position in shares of Canada Goose during the third quarter worth $88,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Canada Goose by 30.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after purchasing an additional 1,893 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Canada Goose Company Profile

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.