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

Canada Goose Holdings Inc. (NYSE:GOOS) has received a consensus recommendation of “Reduce” from the nine analysts that are currently covering the stock, 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 price target among brokerages that have covered the stock in the last year is $15.1667.

A number of research analysts have recently weighed in on GOOS shares. Evercore raised their price objective on Canada Goose from $11.00 to $12.00 and gave the company an “in-line” rating in a research report on Friday, November 7th. Robert W. Baird lowered Canada Goose from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Wall Street Zen cut Canada Goose from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. UBS Group upped their price objective on Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Zacks Research downgraded Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th.

Canada Goose Stock Performance

GOOS opened at $11.58 on Friday. 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 stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 89.08 and a beta of 1.72. The company has a fifty day moving average of $12.56 and a 200 day moving average of $13.05. Canada Goose has a fifty-two week low of $6.73 and a fifty-two week high of $15.43.

Hedge Funds Weigh In On Canada Goose

A number of institutional investors and hedge funds have recently made changes to their positions in GOOS. Scheer Rowlett & Associates Investment Management Ltd. lifted its position in Canada Goose by 2.7% in the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,047,971 shares of the company’s stock worth $11,728,000 after buying an additional 27,170 shares during the last quarter. Kessler Investment Group LLC bought a new position in Canada Goose during the third quarter valued at $4,128,000. Lisanti Capital Growth LLC purchased a new stake in shares of Canada Goose in the third quarter valued at $3,056,000. Acadian Asset Management LLC bought a new stake in shares of Canada Goose in the 2nd quarter worth about $2,353,000. Finally, Headwater Capital Co Ltd bought a new stake in shares of Canada Goose in the 2nd quarter worth about $7,385,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

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.