Canada Goose Holdings Inc. (NYSE:GOOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Canada Goose is a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores. “

Several other brokerages have also recently issued reports on GOOS. Wells Fargo & Company restated an “outperform” rating on shares of Canada Goose Holdings in a report on Tuesday, October 3rd. Barclays PLC raised their target price on shares of Canada Goose Holdings from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, August 8th. Instinet restated a “neutral” rating and issued a $26.00 target price on shares of Canada Goose Holdings in a report on Monday, August 14th. Nomura restated a “hold” rating on shares of Canada Goose Holdings in a report on Saturday, August 12th. Finally, Robert W. Baird restated a “neutral” rating on shares of Canada Goose Holdings in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Canada Goose Holdings has an average rating of “Hold” and an average price target of C$27.09.

Canada Goose Holdings (NYSE:GOOS) last posted its quarterly earnings results on Thursday, August 10th. The company reported C($0.10) EPS for the quarter, topping the consensus estimate of C($0.15) by C$0.05. The business had revenue of C$28.20 million for the quarter, compared to analysts’ expectations of C$16.50 million. Canada Goose Holdings’s revenue was up 79.6% compared to the same quarter last year.

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A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in Canada Goose Holdings by 71.4% in the second quarter. FMR LLC now owns 4,904,394 shares of the company’s stock valued at $96,887,000 after acquiring an additional 2,043,794 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in Canada Goose Holdings by 58.2% in the second quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock valued at $43,614,000 after acquiring an additional 812,532 shares in the last quarter. Calamos Advisors LLC boosted its holdings in Canada Goose Holdings by 104.1% in the third quarter. Calamos Advisors LLC now owns 1,189,447 shares of the company’s stock valued at $24,443,000 after acquiring an additional 606,674 shares in the last quarter. Fred Alger Management Inc. boosted its holdings in Canada Goose Holdings by 56.3% in the second quarter. Fred Alger Management Inc. now owns 813,020 shares of the company’s stock valued at $16,057,000 after acquiring an additional 292,805 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in Canada Goose Holdings by 165.0% in the second quarter. Eagle Asset Management Inc. now owns 721,345 shares of the company’s stock valued at $14,246,000 after acquiring an additional 449,182 shares in the last quarter. Institutional investors and hedge funds own 26.29% of the company’s stock.

About Canada Goose Holdings

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

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Analyst Recommendations for Canada Goose Holdings (NYSE:GOOS)

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