Wall Street Zen Downgrades Canada Goose (NYSE:GOOS) to Hold

Canada Goose (NYSE:GOOS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

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

Canada Goose Stock Performance

Shares of NYSE:GOOS opened at $8.89 on Friday. The company has a market capitalization of $863.38 million, a price-to-earnings ratio of 68.37 and a beta of 1.61. Canada Goose has a 12 month low of $8.75 and a 12 month high of $15.40. The firm’s 50-day moving average is $9.69 and its 200 day moving average is $11.02. The company has a current ratio of 2.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.65.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.27 earnings per share 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 firm had revenue of $325.89 million during the quarter, compared to analysts’ expectations of $295.79 million. During the same period last year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Research analysts predict that Canada Goose will post 0.89 EPS for the current year.

Institutional Trading of Canada Goose

Institutional investors and hedge funds have recently modified their holdings of the stock. Kessler Investment Group LLC raised its position in Canada Goose by 126.8% during the 4th quarter. Kessler Investment Group LLC now owns 678,892 shares of the company’s stock valued at $8,792,000 after purchasing an additional 379,516 shares in the last quarter. Simcoe Capital LLC purchased a new stake in shares of Canada Goose in the 4th quarter worth $2,649,000. CenterBook Partners LP bought a new position in shares of Canada Goose during the 4th quarter worth $5,363,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Canada Goose by 15,788,723.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after buying an additional 36,629,838 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in shares of Canada Goose by 21.2% during the fourth quarter. Pinnacle Associates Ltd. now owns 581,879 shares of the company’s stock valued at $7,535,000 after buying an additional 101,665 shares during the period. 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.