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

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) have been given a consensus rating of "Reduce" by the eight analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.60.

A number of equities research analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of Canada Goose from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. The Goldman Sachs Group decreased their target price on shares of Canada Goose from $9.00 to $8.00 and set a "sell" rating on the stock in a report on Tuesday, December 10th. Finally, Wells Fargo & Company downgraded shares of Canada Goose from an "equal weight" rating to an "underweight" rating in a report on Monday, October 14th.

Canada Goose Price Performance

GOOS traded up $0.08 during trading on Friday, reaching $10.01. 487,209 shares of the company were exchanged, compared to its average volume of 442,505. Canada Goose has a 12-month low of $9.23 and a 12-month high of $14.75. The company's 50-day moving average is $9.78 and its two-hundred day moving average is $10.88. The company has a quick ratio of 0.71, a current ratio of 1.85 and a debt-to-equity ratio of 1.21. The company has a market cap of $968.92 million, a price-to-earnings ratio of 27.05, a P/E/G ratio of 0.61 and a beta of 1.32.

Institutional Investors Weigh In On Canada Goose

Several hedge funds have recently bought and sold shares of GOOS. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Canada Goose by 17.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company's stock worth $177,000 after purchasing an additional 2,002 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Canada Goose by 193.8% in the third quarter. BNP Paribas Financial Markets now owns 3,164 shares of the company's stock worth $40,000 after buying an additional 2,087 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in Canada Goose by 0.6% in the third quarter. Pinnacle Associates Ltd. now owns 602,341 shares of the company's stock worth $7,138,000 after buying an additional 3,338 shares in the last quarter. Toronto Dominion Bank grew its position in Canada Goose by 28.3% during the third quarter. Toronto Dominion Bank now owns 31,430 shares of the company's stock valued at $394,000 after acquiring an additional 6,930 shares during the last quarter. Finally, DGS Capital Management LLC purchased a new position in shares of Canada Goose during the third quarter worth approximately $131,000. 83.64% of the stock is currently owned by institutional investors.

Canada Goose Company Profile

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.