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

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

A number of equities analysts have recently commented on GOOS shares. Zacks Research downgraded shares of Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. The Goldman Sachs Group restated a “sell” rating on shares of Canada Goose in a research note on Friday, February 6th. Barclays cut Canada Goose from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $12.00 to $10.00 in a research note on Friday, February 6th. UBS Group increased their price target on Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Wall Street Zen upgraded Canada Goose from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th.

Institutional Trading of Canada Goose

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Canada Goose by 15,788,723.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock valued at $474,359,000 after acquiring an additional 36,629,838 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Canada Goose by 1,557.5% in the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock valued at $14,165,000 after purchasing an additional 1,189,523 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Canada Goose by 132.5% during the fourth quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock worth $19,952,000 after purchasing an additional 877,987 shares during the last quarter. Portolan Capital Management LLC grew its stake in Canada Goose by 46.2% in the third quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock worth $29,979,000 after purchasing an additional 686,504 shares in the last quarter. Finally, CenterBook Partners LP acquired a new position in Canada Goose in the fourth quarter worth about $5,363,000. Institutional investors own 83.64% of the company’s stock.

Canada Goose Stock Down 0.1%

GOOS opened at $10.54 on Tuesday. Canada Goose has a 1 year low of $6.73 and a 1 year high of $15.43. The firm has a 50 day moving average price of $11.60 and a 200 day moving average price of $12.72. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.12. The company has a market cap of $1.02 billion, a PE ratio of 81.07 and a beta of 1.77.

About Canada Goose

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.