Canada Goose Holdings Inc. (NYSE:GOOS) Receives $11.60 Consensus Target Price from Brokerages

Canada Goose Holdings Inc. (NYSE:GOOS) has been assigned an average recommendation of “Reduce” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $11.60.

A number of brokerages recently issued reports on GOOS. UBS Group reduced their price target on 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 reduced their target price on Canada Goose from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company lowered Canada Goose from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings 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 purchasing an additional 2,087 shares in the last quarter. DGS Capital Management LLC purchased a new stake in shares of Canada Goose in the 3rd quarter worth about $131,000. Olympiad Research LP purchased a new stake in shares of Canada Goose in the 3rd quarter worth about $175,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 acquiring an additional 2,002 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Canada Goose during the 3rd quarter valued at about $189,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Price Performance

GOOS stock opened at $9.92 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.21. The firm’s 50-day moving average price is $10.09 and its two-hundred day moving average price is $11.32. The stock has a market capitalization of $960.16 million, a price-to-earnings ratio of 26.81, a PEG ratio of 0.61 and a beta of 1.34. Canada Goose has a 12-month low of $9.23 and a 12-month high of $14.75.

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.