Williams Trading Upgrades Canada Goose (NYSE:GOOS) to “Hold”

Canada Goose (NYSE:GOOS) was upgraded by research analysts at Williams Trading from a “strong sell” rating to a “hold” rating in a report issued on Sunday,Zacks.com reports.

Several other research firms have also weighed in on GOOS. Zacks Research raised Canada Goose from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research note on Monday, April 20th. Evercore set a $10.00 price objective on Canada Goose in a research note on Friday. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Canada Goose in a research note on Friday, February 6th. Finally, Robert W. Baird set a $11.66 price objective on Canada Goose in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $11.94.

Canada Goose Stock Down 0.4%

Shares of NYSE GOOS opened at $9.53 on Friday. The stock’s fifty day moving average is $11.09 and its 200 day moving average is $12.23. The stock has a market capitalization of $926.04 million, a P/E ratio of 73.34 and a beta of 1.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.58 and a current ratio of 2.63. Canada Goose has a 52 week low of $8.86 and a 52 week high of $15.43.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business 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 business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share. Sell-side analysts forecast that Canada Goose will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. raised its holdings in Canada Goose by 25.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 480,214 shares of the company’s stock valued at $6,622,000 after buying an additional 98,570 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in Canada Goose in the 3rd quarter valued at approximately $3,056,000. Quantbot Technologies LP raised its holdings in Canada Goose by 3,669,350.0% in the 3rd quarter. Quantbot Technologies LP now owns 73,389 shares of the company’s stock valued at $1,012,000 after buying an additional 73,387 shares during the last quarter. Portolan Capital Management LLC raised its holdings in Canada Goose by 46.2% in the 3rd quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock valued at $29,979,000 after buying an additional 686,504 shares during the last quarter. Finally, SCP Investment LP raised its holdings in Canada Goose by 75.0% in the 3rd quarter. SCP Investment LP now owns 350,000 shares of the company’s stock valued at $4,826,000 after buying an additional 150,000 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

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.