Canada Goose (NYSE:GOOS) Downgraded by Williams Trading to Strong Sell

Williams Trading lowered shares of Canada Goose (NYSE:GOOS) from a hold rating to a strong sell rating in a report released on Friday morning,Zacks.com reports.

A number of other analysts have also commented on the company. Zacks Research upgraded Canada Goose from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Evercore set a $10.00 target price on shares of Canada Goose in a research report on Friday, May 15th. Wall Street Zen lowered shares of Canada Goose from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays lowered their price target on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, May 15th. Finally, Weiss Ratings raised shares of Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.53.

Canada Goose Stock Down 3.1%

Shares of GOOS opened at $8.89 on Friday. The firm has a market capitalization of $863.38 million, a price-to-earnings ratio of 68.37 and a beta of 1.61. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.58 and a current ratio of 2.63. The business’s fifty day moving average price is $9.69 and its two-hundred day moving average price is $11.04. Canada Goose has a 52 week low of $8.75 and a 52 week high of $15.40.

Canada Goose (NYSE:GOOS) last released its earnings results on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $325.89 million during the quarter, compared to analyst estimates of $295.79 million. Canada Goose had a net margin of 1.42% and a return on equity of 14.60%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. On average, analysts predict that Canada Goose will post 0.89 earnings per share for the current year.

Institutional Investors Weigh In On Canada Goose

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Canada Goose during the fourth quarter worth $27,000. PenderFund Capital Management Ltd. acquired a new position in shares of Canada Goose in the 3rd quarter valued at $45,000. US Bancorp DE bought a new stake in shares of Canada Goose in the 3rd quarter valued at $83,000. CANADA LIFE ASSURANCE Co increased its position in shares of 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 buying an additional 1,893 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in Canada Goose during the 4th quarter worth $138,000. Institutional investors own 83.64% of the company’s stock.

About Canada Goose

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.