Canada Goose (NYSE:GOOS) Rating Lowered to Hold at Wall Street Zen

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

Several other research firms also recently weighed in on GOOS. Robert W. Baird downgraded shares of Canada Goose from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Barclays lowered shares of Canada Goose from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $12.00 to $10.00 in a report on Friday, February 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Canada Goose in a research note on Wednesday, January 21st. Zacks Research downgraded Canada Goose from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, UBS Group increased their price objective on Canada Goose from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Canada Goose presently has an average rating of “Reduce” and an average price target of $15.17.

Canada Goose Price Performance

Shares of GOOS stock opened at $12.32 on Friday. Canada Goose has a fifty-two week low of $6.73 and a fifty-two week high of $15.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.12. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 94.77 and a beta of 1.78. The stock’s 50-day simple moving average is $12.64 and its 200-day simple moving average is $13.03.

Hedge Funds Weigh In On Canada Goose

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Canada Goose by 15,788,723.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after buying an additional 36,629,838 shares during the last quarter. Bank of America Corp DE boosted its position in Canada Goose by 1,557.5% in the 2nd quarter. Bank of America Corp DE now owns 1,265,898 shares of the company’s stock worth $14,165,000 after purchasing an additional 1,189,523 shares in the last quarter. Marshall Wace LLP boosted its position in Canada Goose by 132.5% in the 4th quarter. Marshall Wace LLP now owns 1,540,714 shares of the company’s stock worth $19,952,000 after purchasing an additional 877,987 shares in the last quarter. Portolan Capital Management LLC grew its stake in shares of Canada Goose by 46.2% during the 3rd quarter. Portolan Capital Management LLC now owns 2,174,001 shares of the company’s stock worth $29,979,000 after purchasing an additional 686,504 shares during the period. Finally, Headwater Capital Co Ltd purchased a new position in shares of Canada Goose during the 2nd quarter valued at approximately $7,385,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.