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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) have been assigned an average rating of "Reduce" from the eight brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $11.60.

GOOS has been the subject of a number of recent analyst reports. Wells Fargo & Company downgraded Canada Goose from an "equal weight" rating to an "underweight" rating in a research note on Monday, October 14th. The Goldman Sachs Group reduced their price target on shares of Canada Goose from $9.00 to $8.00 and set a "sell" rating for the company in a research report on Tuesday. Finally, UBS Group decreased their price objective on shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, October 22nd.

Institutional Trading of Canada Goose

A number of institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its stake in Canada Goose by 42.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,554,279 shares of the company's stock valued at $69,595,000 after buying an additional 1,667,750 shares in the last quarter. Marshall Wace LLP grew its position 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 valued at $14,060,000 after purchasing an additional 81,090 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Canada Goose by 0.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company's stock valued at $7,138,000 after purchasing an additional 3,338 shares during the period. Armistice Capital LLC bought a new position in Canada Goose in the 2nd quarter worth about $4,332,000. Finally, Raymond James & Associates grew its holdings in Canada Goose by 55.1% during the 3rd quarter. Raymond James & Associates now owns 333,064 shares of the company's stock valued at $4,173,000 after buying an additional 118,291 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Canada Goose Stock Performance

Shares of Canada Goose stock traded down $0.04 during mid-day trading on Wednesday, hitting $9.96. 687,959 shares of the stock were exchanged, compared to its average volume of 935,841. Canada Goose has a 12 month low of $9.23 and a 12 month high of $14.75. The company has a 50-day simple moving average of $10.17 and a 200 day simple moving average of $11.36. The company has a market capitalization of $963.54 million, a P/E ratio of 26.91, a P/E/G ratio of 0.58 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.85.

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.