Canada Goose Holdings Inc. (NYSE:GOOS) Receives $11.80 Consensus Price Target from Brokerages

Canada Goose Holdings Inc. (NYSE:GOOS) has earned a consensus recommendation of “Reduce” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.80.

GOOS has been the topic of a number of research analyst reports. UBS Group lowered 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 reaffirmed a “sell” rating and set a $9.00 price target (down from $11.50) on shares of Canada Goose in a report on Monday, October 21st. Barclays lowered their price target on Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Finally, Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underweight” rating in a report on Monday, October 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GOOS. BNP Paribas Financial Markets lifted 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 valued at $40,000 after acquiring an additional 2,087 shares during the period. Olympiad Research LP bought a new position in Canada Goose in the third quarter valued at about $175,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock valued at $177,000 after acquiring an additional 2,002 shares during the period. Public Employees Retirement System of Ohio bought a new position in Canada Goose in the third quarter valued at about $189,000. Finally, MML Investors Services LLC bought a new position in Canada Goose in the third quarter valued at about $200,000. Institutional investors own 83.64% of the company’s stock.

Canada Goose Trading Down 1.4 %

Canada Goose stock opened at $9.37 on Friday. 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 business’s fifty day simple moving average is $10.60 and its two-hundred day simple moving average is $11.62. Canada Goose has a 12 month low of $9.23 and a 12 month high of $14.75. The company has a market capitalization of $906.49 million, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 0.57 and a beta of 1.35.

About Canada Goose

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.