Canada Goose Holdings Inc. (NYSE:GOOS) Receives $15.17 Average PT from Analysts

Shares of Canada Goose Holdings Inc. (NYSE:GOOS) have been given a consensus recommendation of “Reduce” by the nine analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.1667.

Several research firms have recently weighed in on GOOS. Zacks Research lowered Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. UBS Group boosted their price target on Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. The Goldman Sachs Group reiterated a “sell” rating on shares of Canada Goose in a research report on Friday, February 6th. Barclays lowered Canada Goose from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $12.00 to $10.00 in a research note on Friday, February 6th. Finally, Wall Street Zen raised Canada Goose from a “hold” rating to a “buy” rating in a report on Sunday, March 8th.

Hedge Funds Weigh In On Canada Goose

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Canada Goose by 15,788,723.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after buying an additional 36,629,838 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Canada Goose by 1,557.5% in the second quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock valued at $14,165,000 after acquiring an additional 1,189,523 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Canada Goose by 132.5% in the fourth quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock valued at $19,952,000 after acquiring an additional 877,987 shares during the last quarter. Portolan Capital Management LLC boosted its holdings in shares of Canada Goose by 46.2% in the 3rd quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock worth $29,979,000 after acquiring an additional 686,504 shares in the last quarter. Finally, Headwater Capital Co Ltd acquired a new position in shares of Canada Goose in the 2nd quarter worth approximately $7,385,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Canada Goose Price Performance

Shares of Canada Goose stock traded up $0.07 during trading on Friday, hitting $10.87. 20,705 shares of the company’s stock traded hands, compared to its average volume of 776,063. The company has a market cap of $1.06 billion, a PE ratio of 83.75 and a beta of 1.72. The firm’s fifty day moving average price is $12.37 and its 200 day moving average price is $13.04. Canada Goose has a twelve month low of $6.73 and a twelve month high of $15.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.12 and a quick ratio of 1.28.

Canada Goose Company Profile

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.