Canada Goose Holdings Inc. (NYSE:GOOS) Receives $15.17 Consensus PT from Brokerages

Canada Goose Holdings Inc. (NYSE:GOOS) has received a consensus rating of “Reduce” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.1667.

GOOS has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Barclays downgraded shares of Canada Goose from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $12.00 to $10.00 in a research report on Friday, February 6th. Zacks Research lowered shares of Canada Goose from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, January 21st. Finally, Robert W. Baird downgraded Canada Goose from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th.

Institutional Trading of Canada Goose

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Canada Goose by 15,788,723.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after buying an additional 36,629,838 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Canada Goose by 1,557.5% in the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock worth $14,165,000 after purchasing an additional 1,189,523 shares in the last quarter. Marshall Wace LLP raised its holdings in Canada Goose by 132.5% during the fourth quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock valued at $19,952,000 after acquiring an additional 877,987 shares during the period. Portolan Capital Management LLC lifted its holdings in Canada Goose by 46.2% in the 3rd 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, Headwater Capital Co Ltd purchased a new position in shares of Canada Goose in the second quarter worth $7,385,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Price Performance

GOOS opened at $11.22 on Friday. The firm has a market cap of $1.09 billion, a PE ratio of 86.31 and a beta of 1.72. The stock has a 50-day moving average price of $12.53 and a 200-day moving average price of $13.07. Canada Goose has a 1 year low of $6.73 and a 1 year high of $15.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.12 and a quick ratio of 1.28.

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.