Canada Goose Holdings Inc. (NYSE:GOOS) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have received an average rating of “Reduce” from the nine brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $15.1667.

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a report on Wednesday, January 21st. The Goldman Sachs Group reiterated a “sell” rating on shares of Canada Goose in a report on Friday, February 6th. Evercore raised their price target on Canada Goose from $11.00 to $12.00 and gave the stock an “in-line” rating in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, UBS Group boosted their target price on Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th.

Canada Goose Stock Up 2.2%

Shares of GOOS opened at $12.24 on Monday. Canada Goose has a 52 week low of $6.73 and a 52 week high of $15.43. The firm has a market capitalization of $1.19 billion, a P/E ratio of 94.12 and a beta of 1.78. The company has a 50-day simple moving average of $12.78 and a 200-day simple moving average of $12.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.12.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GOOS. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 worth $474,359,000 after buying an additional 36,629,838 shares during the period. Portolan Capital Management LLC boosted its holdings in Canada Goose by 46.2% during 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 during the last quarter. Marshall Wace LLP increased 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 valued at $19,952,000 after acquiring an additional 877,987 shares during the last quarter. Bank of America Corp DE boosted its holdings 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 worth $14,165,000 after buying an additional 1,189,523 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its holdings in shares of Canada Goose by 2.7% in the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,047,971 shares of the company’s stock worth $11,728,000 after purchasing an additional 27,170 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.