Canada Goose (NYSE:GOOS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Canada Goose (NYSE:GOOS) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other equities research analysts have also issued reports on the stock. Robert W. Baird set a $11.66 price target on shares of Canada Goose in a research note on Friday, May 15th. Zacks Research upgraded shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Williams Trading raised Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Barclays dropped their target price on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.53.

Canada Goose Price Performance

Shares of GOOS opened at $8.89 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.63 and a debt-to-equity ratio of 0.65. Canada Goose has a twelve month low of $8.75 and a twelve month high of $15.40. The stock has a market capitalization of $863.38 million, a P/E ratio of 68.37 and a beta of 1.61. The company has a 50 day moving average of $9.69 and a 200-day moving average of $11.04.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The business had revenue of $325.89 million during the quarter, compared to the consensus estimate of $295.79 million. During the same period in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, equities research analysts forecast that Canada Goose will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in Canada Goose in the 4th quarter valued at $27,000. PenderFund Capital Management Ltd. bought a new position in Canada Goose during the third quarter worth $45,000. US Bancorp DE bought a new position in Canada Goose during the third quarter worth $83,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Canada Goose by 30.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after purchasing an additional 1,893 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Canada Goose in the fourth quarter valued at $138,000. 83.64% of the stock is currently owned by institutional investors.

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.