Canada Goose (NYSE:GOOS) Cut to “Strong Sell” at Williams Trading

Williams Trading downgraded shares of Canada Goose (NYSE:GOOS) from a hold rating to a strong sell rating in a research note released on Friday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the stock. Evercore set a $10.00 price objective on shares of Canada Goose in a research report on Friday, May 15th. Wall Street Zen cut shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research raised shares of Canada Goose from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Robert W. Baird set a $11.66 target price on Canada Goose in a report on Friday, May 15th. Finally, Barclays dropped their price target on Canada Goose from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.53.

Canada Goose Price Performance

Shares of GOOS opened at $8.89 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.58 and a current ratio of 2.63. The stock has a 50 day simple moving average of $9.69 and a 200 day simple moving average of $11.02. Canada Goose has a 52-week low of $8.75 and a 52-week high of $15.40. The firm has a market capitalization of $863.38 million, a PE ratio of 68.37 and a beta of 1.61.

Canada Goose (NYSE:GOOS) last posted its earnings results on Thursday, May 14th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Canada Goose had a return on equity of 14.60% and a net margin of 1.42%.The business had revenue of $325.89 million for the quarter, compared to the consensus estimate of $295.79 million. During the same period in the previous year, the company posted $0.33 earnings per share. Canada Goose’s revenue for the quarter was up 17.9% compared to the same quarter last year. Sell-side analysts predict that Canada Goose will post 0.89 EPS for the current fiscal year.

Institutional Trading of Canada Goose

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kessler Investment Group LLC increased its holdings in shares of Canada Goose by 126.8% during the 4th quarter. Kessler Investment Group LLC now owns 678,892 shares of the company’s stock worth $8,792,000 after acquiring an additional 379,516 shares during the last quarter. Simcoe Capital LLC acquired a new stake in Canada Goose during the 4th quarter valued at $2,649,000. CenterBook Partners LP bought a new position in Canada Goose during the fourth quarter worth $5,363,000. Northwestern Mutual Wealth Management Co. boosted its position in Canada Goose by 15,788,723.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,630,070 shares of the company’s stock worth $474,359,000 after purchasing an additional 36,629,838 shares during the period. Finally, Pinnacle Associates Ltd. increased its holdings in shares of Canada Goose by 21.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 581,879 shares of the company’s stock valued at $7,535,000 after purchasing an additional 101,665 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.