Zacks Research Upgrades Canada Goose (NYSE:GOOS) to “Hold”

Canada Goose (NYSE:GOOS) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird cut shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. UBS Group boosted their price target on shares of Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. The Goldman Sachs Group reissued a “sell” rating on shares of Canada Goose in a research report on Friday, February 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Canada Goose in a research report on Wednesday, January 21st. Finally, Barclays cut shares of Canada Goose from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $12.00 to $10.00 in a research report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $15.17.

Canada Goose Price Performance

Canada Goose stock opened at $10.52 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $11.52 and a 200-day simple moving average of $12.66. The stock has a market cap of $1.02 billion, a P/E ratio of 80.91 and a beta of 1.77. Canada Goose has a 12-month low of $6.73 and a 12-month high of $15.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GOOS. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Canada Goose in the fourth quarter valued at about $27,000. PenderFund Capital Management Ltd. acquired a new position in shares of Canada Goose during the third quarter worth about $45,000. US Bancorp DE acquired a new position in shares of Canada Goose during the third quarter worth about $83,000. Plato Investment Management Ltd acquired a new position in shares of Canada Goose during the third quarter worth about $88,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Canada Goose by 30.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock worth $105,000 after acquiring an additional 1,893 shares during the period. 83.64% of the stock is owned by hedge funds and other 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.