Canada Goose Holdings Inc. (NYSE:GOOS) Receives $11.60 Consensus Target Price from Brokerages

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have received an average rating of “Reduce” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two 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 brokers that have issued a report on the stock in the last year is $11.60.

GOOS has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Tuesday, December 10th. UBS Group dropped their price target 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, Wells Fargo & Company lowered shares of Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GOOS. Raymond James & Associates lifted its position in Canada Goose by 14.4% during the second quarter. Raymond James & Associates now owns 214,773 shares of the company’s stock valued at $2,777,000 after purchasing an additional 27,029 shares during the last quarter. GAM Holding AG raised its position in shares of Canada Goose by 50.9% during the 2nd quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after buying an additional 8,430 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after acquiring an additional 2,002 shares in the last quarter. TD Asset Management Inc grew its position in Canada Goose by 15.5% in the second quarter. TD Asset Management Inc now owns 147,452 shares of the company’s stock worth $1,906,000 after acquiring an additional 19,761 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Canada Goose by 94.3% during the second quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock worth $354,000 after acquiring an additional 13,300 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Trading Up 0.8 %

Shares of Canada Goose stock opened at $10.10 on Wednesday. Canada Goose has a fifty-two week low of $9.23 and a fifty-two week high of $14.75. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85. The company has a market capitalization of $977.15 million, a P/E ratio of 27.28, a P/E/G ratio of 0.61 and a beta of 1.34. The company has a fifty day moving average of $10.01 and a 200 day moving average of $11.22.

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.