Canada Goose (NYSE:GOOS) Upgraded at Wall Street Zen

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

A number of other research analysts have also weighed in on GOOS. Weiss Ratings lowered shares of Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Barclays reduced their price objective on shares of Canada Goose from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday, May 15th. Robert W. Baird set a $11.66 price objective on shares of Canada Goose in a research note on Friday, May 15th. 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, The Goldman Sachs Group reiterated a “sell” rating on shares of Canada Goose in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $12.53.

Canada Goose Trading Up 0.1%

Shares of GOOS stock opened at $9.82 on Friday. The company has a 50 day moving average of $10.97 and a 200-day moving average of $12.13. The company has a quick ratio of 1.58, a current ratio of 2.63 and a debt-to-equity ratio of 0.65. Canada Goose has a 12-month low of $9.30 and a 12-month high of $15.43. The firm has a market cap of $953.43 million, a P/E ratio of 75.51 and a beta of 1.67.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The company had revenue of $325.89 million for the quarter, compared to analysts’ expectations of $295.79 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. Sell-side analysts anticipate that Canada Goose will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Canada Goose by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 30,314 shares of the company’s stock valued at $392,000 after purchasing an additional 859 shares during the period. TD Asset Management Inc boosted its holdings in Canada Goose by 1.5% in the 3rd quarter. TD Asset Management Inc now owns 59,646 shares of the company’s stock valued at $821,000 after purchasing an additional 868 shares during the period. Invesco Ltd. boosted its holdings in Canada Goose by 7.2% in the 2nd quarter. Invesco Ltd. now owns 15,124 shares of the company’s stock valued at $169,000 after purchasing an additional 1,012 shares during the period. National Bank of Canada FI boosted its holdings in Canada Goose by 6.4% in the 3rd quarter. National Bank of Canada FI now owns 21,825 shares of the company’s stock valued at $291,000 after purchasing an additional 1,320 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Canada Goose by 5.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 29,026 shares of the company’s stock valued at $324,000 after purchasing an additional 1,630 shares during the period. 83.64% of the stock is owned by institutional investors.

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.