Canada Goose Holdings Inc. (NYSE:GOOS) Given Consensus Rating of “Reduce” by Analysts

Canada Goose Holdings Inc. (NYSE:GOOS) has been assigned an average recommendation of “Reduce” from the nine analysts that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.1667.

GOOS has been the topic of a number of analyst reports. Zacks Research cut Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. UBS Group increased their price objective on Canada Goose from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. The Goldman Sachs Group reissued a “sell” rating on shares of Canada Goose in a research note on Friday, February 6th. Wall Street Zen raised Canada Goose from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Finally, Robert W. Baird cut Canada Goose from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GOOS. Caitong International Asset Management Co. Ltd bought a new position in Canada Goose in the fourth quarter worth approximately $27,000. PenderFund Capital Management Ltd. bought a new position in Canada Goose in the third quarter worth approximately $45,000. US Bancorp DE bought a new position in Canada Goose in the third quarter worth approximately $83,000. Plato Investment Management Ltd bought a new position in Canada Goose in the third quarter worth approximately $88,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in Canada Goose by 30.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock worth $105,000 after purchasing an additional 1,893 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Canada Goose Trading Up 1.9%

GOOS opened at $10.75 on Tuesday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 82.72 and a beta of 1.77. The stock’s 50 day moving average price is $11.56 and its 200-day moving average price is $12.68. Canada Goose has a one year low of $6.73 and a one year high of $15.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.12.

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.