Canada Goose Holdings Inc. (NYSE:GOOS) Stock Now Rated "Reduce" by Sell-Side Analysts

Key Points

• Analysts have a consensus “Reduce” rating on Canada Goose, based on eight brokerages: four rate it sell, three hold, and one strong buy. Their average 12-month price target is $11.48.
• Recent rating changes were mixed, but UBS cut its price target from $10.50 to $9.00 and assigned a neutral rating.
• GOOS opened at $8.71; its share price has ranged from $7.36 to $14.60 over the past 52 weeks. Hedge funds and other institutional investors own 83.64% of the stock.

Shares of Canada Goose Holdings Inc. (NYSE:GOOS - Get Free Report) have been assigned a consensus rating of "Reduce" from the eight brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $11.48.

Several research firms recently weighed in on GOOS. Weiss Ratings lowered shares of Canada Goose from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, September 22nd. Williams Trading downgraded Canada Goose from a "hold" rating to a "strong sell" rating in a report on Friday, July 24th. Zacks Research raised Canada Goose from a "strong sell" rating to a "hold" rating in a research report on Monday, September 28th. Wall Street Zen cut Canada Goose from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, UBS Group reduced their price objective on Canada Goose from $10.50 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 28th.

Canada Goose Stock Performance

NYSE:GOOS opened at $8.71 on Wednesday. The company has a market cap of $851.12 million, a P/E ratio of 27.24, a P/E/G ratio of 0.64 and a beta of 1.65. The firm's 50 day moving average is $7.96 and its two-hundred day moving average is $9.83. Canada Goose has a fifty-two week low of $7.36 and a fifty-two week high of $14.60. The company has a quick ratio of 0.75, a current ratio of 1.90 and a debt-to-equity ratio of 0.88.

Institutional Investors Weigh In On Canada Goose

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in Canada Goose by 47.5% in the first quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company's stock valued at $6,233,000 after acquiring an additional 182,916 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Canada Goose by 4.2% during the first quarter. Royal Bank of Canada now owns 270,743 shares of the company's stock worth $2,970,000 after purchasing an additional 11,015 shares in the last quarter. Clough Capital Partners L P acquired a new position in shares of Canada Goose during the first quarter worth $917,000. Spark Investment Management LLC lifted its position in shares of Canada Goose by 52.6% during the second quarter. Spark Investment Management LLC now owns 58,000 shares of the company's stock worth $549,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its stake in shares of Canada Goose by 36.7% in the second quarter. Engineers Gate Manager LP now owns 47,565 shares of the company's stock valued at $452,000 after purchasing an additional 12,775 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

About Canada Goose

Canada Goose is a Canadian luxury apparel company best known for its performance outerwear. Its products include parkas, down jackets, rainwear, knitwear, footwear and accessories, designed for cold-weather and outdoor use as well as everyday wear. The company traces its origins to 1957, when Sam Tick founded Metro Sportswear in Toronto. It later became known as Canada Goose and expanded beyond its outerwear roots into a broader range of apparel and accessories. Canada Goose serves customers internationally through its own retail stores and online channels, as well as wholesale partners.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.