Analysts Set Canada Goose Holdings Inc. (NYSE:GOOS) Price Target at $15.17

Canada Goose Holdings Inc. (NYSE:GOOS) has earned a consensus rating of “Reduce” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.1667.

A number of equities research analysts have commented on GOOS shares. Weiss Ratings restated a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, January 21st. Robert W. Baird lowered shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reissued a “sell” rating on shares of Canada Goose in a research note on Friday, February 6th. Wall Street Zen upgraded shares of Canada Goose from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, Zacks Research cut shares of Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th.

Hedge Funds Weigh In On Canada Goose

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Canada Goose during the fourth quarter valued at approximately $27,000. PenderFund Capital Management Ltd. bought a new position in shares of Canada Goose during the third quarter worth $45,000. US Bancorp DE purchased a new position in Canada Goose during the third quarter valued at $83,000. Plato Investment Management Ltd bought a new stake in Canada Goose in the 3rd quarter valued at $88,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Canada Goose by 30.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after acquiring an additional 1,893 shares during the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Canada Goose Trading Down 4.0%

Shares of Canada Goose stock opened at $10.54 on Tuesday. Canada Goose has a 1-year low of $6.73 and a 1-year high of $15.43. The company’s fifty day simple moving average is $11.64 and its 200-day simple moving average is $12.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.12 and a quick ratio of 1.28. The stock has a market capitalization of $1.02 billion, a PE ratio of 81.07 and a beta of 1.77.

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.