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

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

Other equities analysts have also recently issued reports about the stock. Evercore set a $10.00 price objective on shares of Canada Goose in a research report on Friday. Robert W. Baird set a $11.66 price objective on shares of Canada Goose in a research report on Friday. Barclays reduced their price objective 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. Zacks Research raised shares of Canada Goose from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Canada Goose in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $11.94.

Canada Goose Price Performance

NYSE GOOS opened at $9.58 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.69. Canada Goose has a 12-month low of $8.86 and a 12-month high of $15.43. The company has a market capitalization of $930.21 million, a PE ratio of 73.67 and a beta of 1.67. The firm’s 50 day moving average is $11.13 and its 200-day moving average is $12.28.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Canada Goose had a net margin of 1.42% and a return on equity of 15.67%. The business had revenue of $325.89 million during the quarter, compared to analyst estimates of $295.79 million. During the same quarter last year, the business earned $0.33 earnings per share. Canada Goose’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts anticipate that Canada Goose will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GOOS. Geode Capital Management LLC increased its stake in shares of Canada Goose by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 30,314 shares of the company’s stock valued at $392,000 after buying an additional 859 shares during the period. TD Asset Management Inc increased its stake in shares of Canada Goose by 1.5% in the third quarter. TD Asset Management Inc now owns 59,646 shares of the company’s stock valued at $821,000 after buying an additional 868 shares during the period. Invesco Ltd. increased its stake in shares of Canada Goose by 7.2% in the second quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock valued at $169,000 after buying an additional 1,012 shares during the period. National Bank of Canada FI increased its stake in shares of Canada Goose by 6.4% in the third quarter. National Bank of Canada FI now owns 21,825 shares of the company’s stock valued at $291,000 after buying an additional 1,320 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Canada Goose by 5.9% in the second quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company’s stock valued at $324,000 after buying an additional 1,630 shares during the period. Institutional investors and hedge funds 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.