Canada Goose (NYSE:GOOS) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Canada Goose (NYSE:GOOS) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on GOOS. Robert W. Baird set a $11.66 target price on Canada Goose in a research report on Friday, May 15th. Evercore set a $10.00 price target on Canada Goose in a research note on Friday, May 15th. Wall Street Zen raised Canada Goose from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Williams Trading upgraded shares of Canada Goose from a “strong sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Weiss Ratings raised shares of Canada Goose from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.53.

Canada Goose Price Performance

NYSE GOOS opened at $9.73 on Tuesday. The company has a 50-day moving average price of $9.72 and a two-hundred day moving average price of $11.09. Canada Goose has a 52 week low of $9.16 and a 52 week high of $15.43. The stock has a market cap of $945.66 million, a price-to-earnings ratio of 74.88 and a beta of 1.61. 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 released its quarterly earnings results 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). The business had revenue of $325.89 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. Analysts forecast that Canada Goose will post 0.89 EPS for the current year.

Institutional Investors Weigh In On Canada Goose

A number of institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Canada Goose during the 4th quarter valued at $27,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Canada Goose in the third quarter valued at $45,000. US Bancorp DE bought a new position in Canada Goose during the third quarter valued at about $83,000. CANADA LIFE ASSURANCE Co boosted its stake in Canada Goose by 30.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after buying an additional 1,893 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in Canada Goose during the fourth quarter worth about $138,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.