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

Canada Goose Holdings Inc. (NYSE:GOOS) has been given an average recommendation of “Reduce” by the eight research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $11.60.

A number of brokerages have weighed in on GOOS. The Goldman Sachs Group decreased their target price on Canada Goose from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, December 10th. 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. Finally, UBS Group cut their target price on shares of Canada Goose from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd.

Canada Goose Stock Down 1.3 %

Shares of GOOS opened at $10.01 on Friday. The firm has a market capitalization of $968.92 million, a P/E ratio of 27.05, a P/E/G ratio of 0.61 and a beta of 1.32. 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 12-month low of $9.23 and a 12-month high of $14.75. The firm has a fifty day moving average price of $9.80 and a 200-day moving average price of $10.79.

Institutional Investors Weigh In On Canada Goose

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

About Canada Goose

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.