Canada Goose (NYSE:GOOS) Stock Rating Lowered by Wall Street Zen

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

A number of other brokerages have also recently weighed in on GOOS. Barclays decreased their price objective on Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday. Evercore set a $10.00 price objective on Canada Goose in a research note on Friday. Robert W. Baird set a $11.66 price objective on Canada Goose in a research note on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of Canada Goose in a research note on Monday, April 20th. Finally, Zacks Research upgraded Canada Goose from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $11.94.

Canada Goose Price Performance

Shares of GOOS stock opened at $9.58 on Friday. Canada Goose has a twelve month low of $8.86 and a twelve month high of $15.43. The stock has a market capitalization of $930.21 million, a price-to-earnings ratio of 73.67 and a beta of 1.67. The stock has a fifty day simple moving average of $11.13 and a two-hundred day simple moving average of $12.27. 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 issued its earnings results 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 firm had revenue of $325.89 million during the quarter, compared to analysts’ expectations of $295.79 million. Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.Canada Goose’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, analysts predict that Canada Goose will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Canada Goose

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Canada Goose in the fourth quarter valued at about $27,000. PenderFund Capital Management Ltd. acquired a new position in shares of Canada Goose in the third quarter valued at about $45,000. US Bancorp DE acquired a new position in shares of Canada Goose in the third quarter valued at about $83,000. Plato Investment Management Ltd acquired a new position in shares of Canada Goose in the third quarter valued at about $88,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Canada Goose by 30.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 8,035 shares of the company’s stock valued at $105,000 after purchasing an additional 1,893 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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.