Canada Goose (NYSE:GOOS) Cut to “Hold” at 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 published on Saturday morning.

GOOS has been the topic of a number of other research reports. Evercore set a $10.00 price objective on Canada Goose in a research note on Friday, May 15th. Williams Trading raised shares of Canada Goose from a “strong sell” rating to a “hold” rating in a research note on Sunday, May 17th. Zacks Research raised shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Finally, Barclays lowered their price target on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.53.

Canada Goose Trading Up 2.3%

Shares of Canada Goose stock opened at $9.10 on Friday. Canada Goose has a 1 year low of $8.75 and a 1 year high of $15.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.63 and a quick ratio of 1.58. The business has a 50 day moving average price of $9.68 and a 200 day moving average price of $10.99. The company has a market capitalization of $883.49 million, a P/E ratio of 69.96 and a beta of 1.61.

Canada Goose (NYSE:GOOS) last announced its earnings results on Thursday, May 14th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $325.89 million for 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%. Canada Goose’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. Sell-side analysts anticipate that Canada Goose will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in Canada Goose during the fourth quarter worth approximately $27,000. PenderFund Capital Management Ltd. acquired a new position in shares of Canada Goose during the 3rd quarter valued at $45,000. US Bancorp DE acquired a new position in shares of Canada Goose during the 3rd quarter valued at $83,000. CANADA LIFE ASSURANCE Co boosted its position in Canada Goose by 30.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock worth $105,000 after purchasing an additional 1,893 shares during the period. Finally, Stifel Financial Corp acquired a new stake in Canada Goose in the 4th quarter valued at $138,000. Hedge funds and other 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.